Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 1274

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 1274
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Outstanding December 31, 20241,438,049 $7.35 (1)Certain key employees of the Adviser elected to net the taxes owed upon the vesting against the shares issued resulting in 145,433 shares being issued as shown on the Consolidated Statement of Stockholders’ Equity.The following table contains information regarding the vesting of restricted share units under the 2023 LTIP as of December 31, 2024:Shares VestingMarchAprilTotal2025300,594 140,391 440,985 2026242,136 135,328 377,464 2027242,136 135,328 377,464 2028242,136 — 242,136 2029— — — Total1,027,002 411,047 1,438,049 For the year ended December 31, 2024 and 2023, the Company recognized approximately $3.0 million and $1.4 million, respectively, of equity-based compensation expense related to grants of restricted share units. As of December 31, 2024, the Company had recognized a liability of approximately $0.9 million related to dividends earned on restricted share units that are payable in cash upon vesting. As of December 31, 2024, total unrecognized compensation expense on restricted share units was approximately $8.0 million, and the expense is expected to be recognized over a weighted average vesting period of 1.5 years. As of December 31, 2023, total unrecognized compensation expense on 

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restricted share units was approximately $4.8 million, and the expense is expected to be recognized over a weighted average vesting period of 1.6 years. 

13. Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common shareholders by the weighted average number of the Company’s common shares outstanding and excludes any unvested restricted share units issued pursuant to the 2023 LTIP.Diluted earnings (loss) per share is computed by adjusting basic earnings per share for the dilutive effect of the assumed vesting of restricted share units. During periods of net loss, the assumed vesting of restricted share units is anti-dilutive and is not included in the calculation of earnings (loss) per share.The following table sets forth the computation of basic and diluted earnings (loss) per share