Sauter Dennis Charles Jr 4

What Happened

• Dennis Charles Sauter Jr., General Counsel and Secretary of NexPoint Residential Trust (NXRT), had 2,478 restricted stock units (RSUs) convert to common shares on March 13, 2026. Of those, 863 shares were withheld to cover tax liabilities at $25.73 per share, totaling $22,205.
• This was not an open‑market purchase or sale but the scheduled vesting/settlement of equity awards (routine compensation event).

Key Details

• Transaction date: March 13, 2026.
• Primary actions (Form 4 codes): M = conversion/exercise of derivative (2,478 RSUs converted to shares); F = tax withholding/payment (863 shares withheld at $25.73; $22,205).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 clarifies each RSU equals one share on settlement; F2 notes the 12,389 RSU grant (Mar 13, 2024) vests in five equal annual installments (one‑fifth vested Mar 13, 2025 and one‑fifth on Mar 13, 2026), with settlement generally within 10 days and at the Compensation Committee’s discretion may be in cash.
• Filing timeliness: Transaction reported on Form 4 filed March 17, 2026 for a March 13, 2026 event — filed within the SEC’s 2 business‑day window.

Context

• This is a routine vesting and tax‑withholding event (often called a cashless withholding) rather than a market buy or sale; withheld shares were surrendered to satisfy tax obligations.
• Such filings document executive compensation activity; they are informative but typically do not by themselves indicate the insider’s view on the company’s stock.