Mitts Brian 4

What Happened

• Brian Mitts, a director of NexPoint Residential Trust, reported the vesting/conversion of 3,429 restricted stock units (RSUs) on May 22, 2026. The filing shows an exercise/conversion of 3,429 RSUs and a disposition of 1,714 shares back to the issuer. Footnotes state the vested award was settled in cash (not as net new shares).

Key Details

• Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (filed 5 days after the transaction).
• Reported actions: conversion/exercise of 3,429 RSUs (code M) and disposition to issuer of 1,714 shares (code D).
• Price / proceeds: no per-share price reported; footnote indicates settlement in cash and one derivative disposal line shows $0 — consistent with cash settlement and share withholding rather than an open-market sale.
• Footnotes: F1 defines RSUs (one RSU = contingent right to one share). F2 states the portion vested on May 22, 2026 settled in cash. F3 notes the 3,429 RSUs were granted May 22, 2025 and vested May 22, 2026.
• Shares owned after transaction: not provided in the supplied extract.
• Timeliness: Form filed May 27 for a May 22 transaction (outside the typical two-business-day Form 4 window), so this appears to be a late filing.

Context

• This filing documents RSU vesting and cash settlement rather than a purchase or open-market sale of shares. The disposition to the issuer (1,714 shares) is consistent with tax withholding or share surrender to satisfy withholding obligations; the remainder was paid in cash per the footnote. Such RSU settlements are routine compensation events and do not, by themselves, indicate the insider’s view of the company’s prospects.