Form 4: NexPoint Residential Trust Executive Sauter Jr. Reports Stock Transactions
SEC Form 4 Filing
Dennis Charles Sauter Jr., General Counsel of NexPoint Residential Trust, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On May 11, 2024, Dennis Charles Sauter Jr., General Counsel of NexPoint Residential Trust, engaged in transactions involving the company's stock.
- Sauter Jr. acquired 350 shares of common stock through the vesting of restricted stock units.
- He also disposed of 96 shares to cover tax obligations at a price of $35.88 per share.
- Following these transactions, Sauter Jr. directly owns 11,789 shares of NexPoint Residential Trust.
- He also owns 350 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, and the transactions themselves don't necessarily indicate a positive or negative sentiment towards the company's future prospects.
Future Outlook
Settlement of restricted stock units will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders, providing investors with insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 05/11/2020 | Reporting person was granted 1,752 restricted stock units which vested one-fifth on May 11, 2021, one-fifth on May 11, 2022, one-fifth on May 11, 2023 and one-fifth on May 11, 2024 and will vest one-fifth on May 11, 2025. |
| 05/11/2021 | One-fifth of the 1,752 restricted stock units granted on May 11, 2020, vested. |
| 05/11/2022 | One-fifth of the 1,752 restricted stock units granted on May 11, 2020, vested. |
| 05/11/2023 | One-fifth of the 1,752 restricted stock units granted on May 11, 2020, vested. |
| 05/11/2024 | Sauter Jr. acquired 350 shares of common stock through the vesting of restricted stock units and disposed of 96 shares to cover tax obligations; one-fifth of the 1,752 restricted stock units granted on May 11, 2020, vested. |
| 05/11/2025 | One-fifth of the 1,752 restricted stock units granted on May 11, 2020, will vest. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
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