Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2381

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2381
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 of externally-managed REITs.

In 2023, our shareholders approved the compensation of our named executive officers by 79% of the votes cast.

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Summary Compensation Table

The following table sets forth the compensation paid to or accrued by those named executive officers for whom we are able to quantify such compensation for services the named executive officer rendered to us during the fiscal years presented.

| NAME AND PRINCIPAL POSITION                          |     |    YEAR |     | STOCK         
 AWARDS ($)(1) |            |     | TOTAL 
 ($)   |            |
| James Dondero                                        
 President                                            |     |    2023 |     |               | $1,961,068 |     |       | $1,961,068 |
|                                                      |     | 2022(2) |     |               |          — |     |       |          — |
| Matt McGraner                                        
 Executive VP, Chief Investment Officer and Secretary |     |    2023 |     |               | $1,866,204 |     |       | $1,866,204 |
|                                                      |     | 2022(2) |     |               |          — |     |       |          — |
| Dustin Norris                                        
 Executive VP                                         |     |    2023 |     |               |   $519,898 |     |       |   $519,898 |
|                                                      |     | 2022(2) |     |               |         -- |     |       |         -- |

| (1) | The amounts reported in the “Stock Awards” column represent the aggregate grant date fair value of restricted share units, calculated in accordance with FASB ASC Topic 718. Pursuant to SEC rules, the amounts shown in this column exclude the impact of estimated forfeitures related to service-based vesting conditions. See Note 11 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2023 for information regarding the assumptions made in determining these values. |

| (2) | No compensation was paid to, earned by or awarded to any of our named executive officers during the fiscal year ended December 31, 2022. |

Outstanding Equity Awards at Fiscal Year-End

The following table contains information regarding outstanding equity awards held by our named executive officers as of December 31, 2023.

| NAME          |     | STOCK AWARDS    
 NUMBER