Form 4: NexPoint Residential Trust Executive VP Matt McGraner Reports Stock Transactions
SEC Form 4 Filing
Executive VP and Chief Investment Officer of NexPoint Residential Trust, Matt McGraner, reports the vesting of restricted stock units and subsequent transactions.
Summary
- On March 28, 2024, Matt McGraner, Executive VP and Chief Investment Officer of NexPoint Residential Trust, reported transactions involving common stock.
- These transactions included the vesting of 15,870 restricted stock units, which were then converted into common stock.
- McGraner also disposed of 6,587 shares to cover tax obligations at a price of $32.19 per share.
- Following these transactions, McGraner directly owns 242,147 shares of common stock.
- Additionally, McGraner has indirect ownership through a 401(k) plan (13,053.94 shares), a limited liability company (16,986 shares), and a trust (108,630.25 shares).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest in equal installments annually on March 28th from 2025 to 2028.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| 03/28/2023 | Reporting person was granted 79,350 restricted stock units. |
| 03/28/2024 | Vesting of 15,870 restricted stock units and subsequent transactions. |
| 03/28/2025 | Next vesting date for one-fifth of the restricted stock units. |
| 03/28/2026 | Next vesting date for one-fifth of the restricted stock units. |
| 03/28/2027 | Next vesting date for one-fifth of the restricted stock units. |
| 03/28/2028 | Next vesting date for one-fifth of the restricted stock units. |
| 04/01/2024 | Date of signature for the Form 4 filing. |
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