LAFFER ARTHUR B 4

What Happened

• Arthur B. Laffer, a director of NexPoint Residential Trust, Inc. (NXRT), reported the vesting/conversion of 3,429 restricted stock units into 3,429 shares on May 22, 2026. The Form 4 lists an "acquired" derivative conversion of 3,429 shares and a corresponding "disposed" entry of 3,429 shares at $0.00 (transaction code M — exercise/conversion of a derivative).
• The filing does not report sale proceeds or a cash value for the transaction (acquisition price listed as N/A; disposal price $0.00).

Key Details

• Transaction date: May 22, 2026 (reported on Form 4 filed May 27, 2026).
• Shares involved: 3,429 RSUs vested and converted to 3,429 shares; subsequent disposition of 3,429 shares recorded at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1/F2: Each RSU represents a contingent right to one share; these RSUs were granted May 22, 2025, vested May 22, 2026, and settlement generally will occur within 30 days of vesting; settlement may be in cash at the Compensation Committee’s discretion.
  • F3: The reporting person holds these shares indirectly through an LLC he controls and disclaims beneficial ownership except to the extent of his pecuniary interest.
• Timeliness: The Form 4 was filed on May 27, 2026 for a May 22 transaction. Insider reports are generally required within two business days, so this filing appears to be late by one business day.

Context

• Transaction code M indicates conversion/exercise of a derivative instrument (here, RSUs vesting into shares). The zero-dollar disposal often reflects transfers for settlement, tax withholding, or transfers to an entity (see footnotes), not an open-market sale; the filing does not show proceeds or an open-market sale.
• These entries are routine for vested equity awards and do not, by themselves, indicate a buy or sell decision in the market.