Sauter Dennis Charles Jr 4

What Happened

• Dennis Charles Sauter Jr., General Counsel and Secretary of NexPoint Residential Trust, received 2,143 shares on 2026-05-22 upon conversion/settlement of restricted stock units (RSUs). To cover tax withholding, 558 of those shares were surrendered/withheld at $29.74 per share, yielding $16,595. The filing also reports the derivative interest (the RSU) being converted/terminated (2,143 units at $0.00), reflecting the settlement of the award.

Key Details

• Transaction dates: 2026-05-22 (settlement/conversion and tax withholding); Form 4 filed 2026-05-27 (filed after the reported transaction date).
• Shares acquired via conversion: 2,143 shares (from vested RSUs).
• Shares withheld/disposed for taxes: 558 shares at $29.74 each = $16,595.
• Derivative reporting: 2,143 RSU units converted/terminated (reported as disposition of derivative at $0.00).
• Footnotes: The RSUs are contingent rights to receive one share each (F1). These RSUs were granted 4/22/2025 (10,715 RSUs total) and vest one-fifth on 4/22/2026, with remaining vesting through Feb 15, 2029; settlement generally occurs within 10 days of vesting and may be settled in cash at the Compensation Committee's discretion (F2).
• Shares owned after the transaction: not disclosed in the provided excerpt.
• Timeliness: Transaction date 5/22/2026; filing date 5/27/2026. Form 4s are normally due within two business days of a reportable transaction, so this filing appears to have been submitted after that window.

Context

• This was an RSU vesting/settlement, not an open-market purchase or discretionary sale. The withholding of 558 shares to satisfy tax obligations is a routine administrative step (not necessarily a market-timing sale).
• The filing shows both the acquisition of shares (conversion of the RSU) and the termination of the derivative award; that accounting is standard for RSU settlements.