Wood Catherine D. 4

What Happened

• Catherine D. Wood, a director of NexPoint Residential Trust, had 3,429 restricted stock units (RSUs) vest on May 22, 2026 and those RSUs were converted into 3,429 shares of common stock (reported as a derivative conversion). The filing shows an acquisition entry for 3,429 shares (conversion) and a corresponding disposition entry at $0.00 for 3,429 shares; no cash proceeds are reported.

Key Details

• Transaction date: May 22, 2026. Report filed: May 27, 2026 (filed 5 days after the transaction — later than the usual two-business-day Form 4 deadline).
• Price: Acquisition listed as N/A; disposition listed at $0.00. No dollar values reported.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each RSU represents the contingent right to one common share. F2 — these 3,429 RSUs were granted May 22, 2025 and vested May 22, 2026; settlement generally occurs within 30 days of vesting and may be settled in cash at the Compensation Committee’s discretion.
• No 10b5-1 plan or tax-withholding detail is specified in the provided excerpt.

Context

• This was not an open-market purchase or sale but the conversion/settlement of compensation RSUs upon vesting. Such transactions reflect ordinary compensation events rather than a direct market view by the insider. The late filing is a reporting timeliness issue investors may note; it does not by itself indicate trading intent.