NexPoint Residential Trust Form 3 / Paul Richards ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Richards Paul

(Last)

(First)

(Middle)

300 CRESCENT COURT

SUITE 700

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2025

3. Issuer Name and Ticker or Trading Symbol
NexPoint Residential Trust, Inc. [ NXRT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
See Remarks

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	10,614	D
Common Stock	3,788	I	By 401(k) plan.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units	⁽¹⁾	⁽¹⁾	Common Stock	587	⁽²⁾	D
Restricted Stock Units	⁽³⁾	⁽³⁾	Common Stock	367	⁽²⁾	D
Restricted Stock Units	⁽⁴⁾	⁽⁴⁾	Common Stock	1,386	⁽²⁾	D
Restricted Stock Units	⁽⁵⁾	⁽⁵⁾	Common Stock	1,364	⁽²⁾	D
Restricted Stock Units	⁽⁶⁾	⁽⁶⁾	Common Stock	3,790	⁽²⁾	D
Restricted Stock Units	⁽⁷⁾	⁽⁷⁾	Common Stock	7,080	⁽²⁾	D

Explanation of Responses:

1. On February 20, 2020, the reporting person was granted 2,943 restricted stock units. The restricted stock units vested one-fifth on February 20, 2021, one-fifth on February 20, 2022, one-fifth on February 20, 2023 and one-fifth on February 20, 2024 and will vest one-fifth on February 20, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

2. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

3. On May 11, 2020, the reporting person was granted 1,843 restricted stock units. The restricted stock units vested one-fifth on May 11, 2021, one-fifth on May 11, 2022, one-fifth on May 11, 2023, one-fifth on May 11, 2024 and will vest one-fifth on May 11, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

4. On February 18, 2021, the reporting person was granted 3,468 restricted stock units. The restricted stock units vested one-fifth on February 18, 2022, one-fifth on February 18, 2023 and one-fifth on February 18, 2024 and will vest one-fifth on February 18, 2025 and one-fifth on February 15, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

5. On February 17, 2022, the reporting person was granted 2,274 restricted stock units. The restricted stock units vested one-fifth on February 17, 2023 and one-fifth on February 17, 2024 and will vest one-fifth on February 17, 2025, one-fifth on February 17, 2026 and one-fifth on February 21, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

6. On March 28, 2023, the reporting person was granted 4,738 restricted stock units. The restricted stock units vested one-fifth on March 28, 2024 and will vest one-fifth on March 28, 2025, one-fifth on March 28, 2026, one-fifth on March 28, 2027 and one-fifth on March 28, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

7. On March 13, 2024, the reporting person was granted 7,080 restricted stock units. The restricted stock units will vest one-fifth on March 13, 2025, one-fifth on March 13, 2026, one-fifth on March 13, 2027, one-fifth on March 13, 2028 and one-fifth on March 13, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Remarks:

Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary Exhibit List: Exhibit 24 – Power of Attorney

	/s/ Paul Richards	01/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

NexPoint Residential Trust (NXRT) Form 3NexPoint Residential Trust / Paul Richards ownership change