Richards Paul 4

4 · NexPoint Residential Trust, Inc. · Filed May 27, 2026

AI-generated summary of this filing

Updated May 28, 2026

NXRT CFO Paul Richards Converts 2,143 RSUs, 1,119 Shares Net

What Happened

Paul Richards, Chief Financial Officer (also Executive VP‑Finance, Treasurer and Assistant Secretary) of NexPoint Residential Trust (NXRT), had 2,143 restricted stock units (RSUs) convert into common shares on May 22, 2026.
Of the 2,143 shares delivered on vesting, 1,024 shares were withheld to satisfy tax withholding at $29.74 per share (total value withheld $30,454), leaving 1,119 shares issued to Richards. The filing shows the RSU-to-share conversion as a derivative conversion.

Key Details

Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (filed one business day late).
Conversion: 2,143 RSUs → 2,143 shares (derivative conversion code M).
Tax withholding: 1,024 shares withheld at $29.74/share for $30,454 (code F).
Net shares delivered to insider: 1,119 shares.
Shares owned after transaction: not specified in this filing.
Footnote: These RSUs were part of a 10,715‑RSU grant (4/22/2025) that vests in five installments; settlement may be in cash at the Compensation Committee’s discretion.

Context

This was a scheduled RSU vesting/settlement rather than an open‑market purchase or voluntary sale. The withholding of shares to pay taxes is routine and common for RSU settlements (a cashless/withholding settlement). The filing being late does not by itself indicate impropriety but is a reporting timeliness issue.

Form 4

Period: 2026-05-22

See Remarks

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-22+2,143→ 33,127 total
Tax Payment
Common Stock
2026-05-22$29.74/sh−1,024$30,454→ 32,103 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-05-22−2,143→ 8,572 total
→ Common Stock (2,143 underlying)

Holdings

Footnotes (2)

[F1]Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
[F2]On April 22, 2025, the reporting person was granted 10,715 restricted stock units which vested one-fifth on April 22, 2026 and which will vest one-fifth on February 15, 2027, one-fifth on February 15, 2028 and two-fifths on February 15, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Signature

/s/ Paul Richards|2026-05-27

1 file