Company: NREF
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010694
Chunk: 29

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 29
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4 for information regarding the assumptions made in determining these values. |
| (2) | Mr. Mitts resigned from the Company effective 11:59 P.M. Central Time on December 31, 2024.                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

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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, 2024.

|               |     | STOCK AWARDS 
 NUMBER OF    
 SHARES OR    
 UNITS OF     
 STOCK        
 THAT         
 HAVE NOT     
 VESTED (#)   |         |    |     | MARKET         
 VALUE OF       
 SHARES OR      
 UNITS OF STOCK 
 THAT           
 HAVE NOT       
 VESTED         
 ($)(1)         |           |
|:--------------|:----|:-------------|--------:|---:|:----|:---------------|----------:|
| James Dondero |     |              | 304,058 | -2 |     | $              | 4,770,670 |
| Matt McGraner |     |              | 300,238 | -3 |     | $              | 4,710,734 |
| Brian Mitts   |     |              |  70,085 | -4 |     | $              | 1,099,634 |

| (1) | Market value is based on the closing price of our common stock as of December 31, 2024 ($15.69), the last trading day of the year. |

| (2) | Consists of restricted stock units granted on February 22, 2021, February 21, 2022, April 4, 2023 and March 13, 2024. With respect to the restricted stock units granted on February 22, 2021, as of December 31, 2024, there were 15,840 restricted stock units not vested, which vested on February 22, 2025. With respect to the restricted stock units granted on February 21, 2022, as of December 31, 2024, there were 34,617 restricted stock units not vested, which vested one-half on February 21, 2025 and will vest one-half on February 21, 2026. With respect to the restricted stock units granted on April 4, 2023, as of December 31, 2024, there were 99,