NexPoint Residential Trust, Inc.
For the period ended May 20, 2025. Filed Apr 7, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 20, 2025 · Filed Apr 7, 2025
Use the contents to explore the available documents and sections.
Contents
Pay Versus Performance
As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last five completed calendar years. In determining the “compensation actually paid” to our named executive officers (“NEOs”), we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The table below summarizes compensation values both previously reported in our Summary Compensation Table, as well as the adjusted values required in this section for the 2020, 2021, 2022, 2023 and 2024 calendar years. Note that for our NEOs other than our principal executive officer (the “PEO”), compensation and any applicable adjustments are reported as averages. The compensation committee does not use compensation actually paid as a basis for making compensation decisions. Further, the Company does not use financial performance measures to link compensation actually paid to the NEOs to Company performance.
| Year | Summary compensation table total for PEO | Compensation actually paid to PEO (1) | Average summary compensation table total for non-PEO named executive officers | Average compensation actually paid to non-PEO named executive officers (2) | Total shareholder return | Peer group total shareholder return (3) | Net income (in thousands) |
|---|---|---|---|---|---|---|---|
| 2024 | $3,452,019 | $5,443,050 | $1,460,479 | $2,323,233 | $107 | $119 | $1,114 |
| 2023 | $3,271,489 | $2,015,109 | $1,141,236 | $680,488 | $84 | $109 | $44,433 |
| 2022 | $3,694,998 | $(2,791,636) | $1,318,641 | $(1,329,298) | $102 | $96 | $(9,291) |
| 2021 | $2,473,496 | $9,578,551 | $1,028,479 | $4,166,480 | $191 | $127 | $23,106 |
| 2020 | $3,516,187 | $3,250,561 | $1,382,590 | $1,223,886 | $94 | $89 | $44,150 |
(1) Mr. Dondero was our PEO for all five reporting years. The following are the adjustments made during each year to arrive at the compensation actually paid to our PEO during each year.
| Adjustments | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Amounts reported under “Stock Awards” in Summary Compensation Table | $(3,452,019) | $(3,271,489) | $(3,694,988) | $(2,437,496) | $(3,516,187) |
| Fair Value of Awards Granted in Year that Remain Unvested as of Year-End | $4,665,646 | $2,841,508 | $1,917,100 | $5,004,902 | $3,498,064 |
| Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End | $972,601 | $(1,027,488) | $(4,642,664) | $4,537,970 | $(184,270) |
| Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year | $(195,197) | $201,089 | $(66,071) | $35,678 | $(63,232) |
| Total Adjustments | $5,443,050 | $2,015,109 | $(2,791,636) | $9,578,551 | $3,250,561 |
(2) The Non-PEO NEOs for the 2024 calendar year are: Brian Mitts, Matt McGraner and D.C. Sauter. The Non-PEO NEOs for the 2020, 2021, 2022 and 2023 calendar years are: Brian Mitts, Matt McGraner, D.C. Sauter and Matthew Goetz, former Senior VP-Investments and Asset Management. The following are the adjustments made during each year to arrive at the average compensation actually paid to our Non-PEO NEOs during each year.
| Adjustments | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Amounts reported under “Stock Awards” in Summary Compensation Table | $(1,460,479) | $(1,141,236) | $(1,318,641) | $(1,028,479) | $(1,382,590) |
| Fair Value of Awards Granted in Year that Remain Unvested as of Year-End | $1,973,940 | $991,240 | $683,656 | $2,081,038 | $1,374,028 |
| Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End | $449,668 | $(384,782) | $(1,982,466) | $2,072,097 | $(102,258) |
| Fair Value of Awards that are Granted and Vest in the Same Year as of the Vesting Date | - | 18,129 | - | - | - |
| Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year | $(100,374) | $55,902 | $(30,488) | $13,345 | $(47,884) |
| Total Adjustments | $2,323,233 | $(680,488) | $(1,329,298) | $4,166,480 | $1,223,886 |
(3) The peer group is the MSCI U.S. REIT Index (^RMZ).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.