Wood Catherine D. 4
Research Summary
AI-generated summary
NEXPOINT (NXDT) Director Catherine D. Wood Receives Award
What Happened
- Catherine D. Wood, a director of NexPoint Diversified Real Estate Trust (NXDT), was granted 7,077 restricted share units (RSUs) on June 2, 2026. The award is reported as acquired at $0.00 per unit on the Form 4 (derivative grant).
Key Details
- Transaction date: June 2, 2026; Form 4 filed June 4, 2026.
- Grant: 7,077 restricted share units (RSUs) — reported price $0.00 per unit.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes: (1) Each RSU represents a contingent right to one common share. (2) The RSUs will vest on June 2, 2027; settlement typically occurs within 30 days of vesting and may be settled in cash at the Compensation Committee’s discretion.
- No late filing indication provided in the filing data available here.
Context
- This was a compensation award (an RSU grant), not an open-market purchase or sale. RSUs convert to common shares only upon vesting (or may be settled in cash), so this grant does not immediately change the number of common shares outstanding or indicate an immediate market trade. Such awards are routine director/executive compensation and should be viewed as part of pay, not a direct trading signal.