Form 4: NEXPOINT DIVERSIFIED REAL ESTATE TRUST: Executive VP Matt McGraner Reports Transaction
SEC Form 4
Executive VP Matt McGraner reports the vesting and subsequent disposal of restricted shares units, along with tax withholding transactions.
Summary
- On April 4, 2024, Matt McGraner, Executive VP, Chief Investment Officer and Secretary of NexPoint Diversified Real Estate Trust, reported transactions involving common stock and restricted shares units.
- 45,125 restricted shares units vested.
- Following vesting, 45,125 shares were acquired.
- 13,508 shares were disposed of to cover tax obligations at a price of $6.05 per share.
- McGraner directly owns 48,965 shares of common stock following the reported transactions.
- McGraner indirectly owns 707 shares through a 401(k) plan.
- McGraner directly owns 135,373 restricted shares units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Future Outlook
Future vesting of restricted shares units is scheduled quarterly until April 4, 2027.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 04/04/2023 | Reporting person was granted 180,498 restricted shares units which vest quarterly over four years. |
| 04/04/2024 | Date of transaction: Vesting of 45,125 restricted shares units and disposal of 13,508 shares for tax obligations. |
| 04/04/2024 | One-fourth of the restricted shares units vested. |
| 04/04/2025 | One-fourth of the restricted shares units will vest. |
| 04/04/2026 | One-fourth of the restricted shares units will vest. |
| 04/04/2027 | One-fourth of the restricted shares units will vest. |
| 04/08/2024 | Date of signature for the Form 4 filing. |
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