SEC Form 4 · accession 0000899243-19-004203
NexPoint Residential Trust, Inc. · NXRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Mitts
Officer — See Remarks · Director
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 12:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001620393
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 15, 2019 | M | 5,791 | — | A | 32,177 | D | |
| Common StockF2,F3 | holding | — | — | — | 13,126 | I | By 401(k) plan | |
| Common StockF3 | holding | — | — | — | 816 | I | By dividend reinvestment plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F4 | — | Feb 15, 2019 | M | 5,791 | D | — | — | Common Stock | 5,791 | 17,374 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
- F2Includes shares acquired through employee benefit plan.
- F3Includes shares acquired through dividend reinvestment plan.
- F4On February 15, 2018, the reporting person was granted 23,165 restricted stock units which vested 25% on February 15, 2019 and will vest 25% on February 15, 2020, 25% on February 15, 2021 and 25% on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Remarks
Chief Financial Officer, Executive VP-Finance, Secretary and Treasurer