Form 4: NexPoint Residential Trust CFO Paul Richards Reports Stock Transactions
SEC Form 4 Filing
Paul Richards, CFO of NexPoint Residential Trust, reports the vesting and disposal of restricted stock units and a tax withholding transaction.
Summary
- On May 11, 2025, Paul Richards, the CFO of NexPoint Residential Trust, vested 368 shares of common stock from restricted stock units.
- He also disposed of 172 shares to cover tax obligations at a price of $37.25 per share.
- Following these transactions, Richards directly owns 18,869 shares of common stock and indirectly owns 3,788 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 05/11/2020 | Reporting person was granted 1,843 restricted stock units which vested one-fifth annually from May 11, 2021 to May 11, 2025. |
| 05/11/2021 | One-fifth of the 1,843 restricted stock units vested. |
| 05/11/2022 | One-fifth of the 1,843 restricted stock units vested. |
| 05/11/2023 | One-fifth of the 1,843 restricted stock units vested. |
| 05/11/2024 | One-fifth of the 1,843 restricted stock units vested. |
| 05/11/2025 | Vesting of 368 common stock shares from restricted stock units; disposal of 172 shares for tax obligations. |
| 05/13/2025 | Date of Form 4 signature. |
Keywords
Form 4, NexPoint Residential Trust, NXRT, Paul Richards, CFO, Stock, Restricted Stock Units, Beneficial Ownership, Transaction
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