Company: NREF
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010694
Chunk: 32

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 32
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 SEC that disclosed material nonpublic information and ending one business day after the filing or furnishing of such reports.

Potential Payments Upon Termination of Employment or Change in Control

In the event any officer’s employment is terminated due to such officer’s death, disability or retirement, all outstanding restricted stock units granted that have not previously vested or been forfeited, will vest. For awards granted prior to 2024, if any officer’s employment is terminated without cause or by the officer for good reason, all outstanding restricted stock units granted that have not previously vested or been forfeited, will vest. For awards granted in or after 2024, if any officer’s employment is terminated without cause, subject to the officer’s execution of a general release of claims within a specified time period and subject to non-revocation, the outstanding restricted stock units which would have become vested and nonforfeitable during the 12-month period immediately following the date of such termination had the officer remained continuously employed, will vest. If a change in control occurs and the award is not assumed or converted into a replacement award in a manner described in the award agreement, all outstanding awards held by our officers that have not previously vested or been forfeited, will vest. If a change of control occurs and the award is converted into a replacement award as described in the applicable award agreement and any officer’s employment is terminated without cause or for good reason within two years following a change in control, all outstanding awards held by our officers that have not previously vested or been forfeited, will vest.

The following table shows the estimated amounts that our named executive officers would have become entitled to under the terms of outstanding equity awards as of December 31, 2024 had any of the events described above occurred on December 31, 2024:

|                 |     | ESTIMATED VALUE UPON      
 TERMINATION DUE TO DEATH, 
 DISABILITY, RETIREMENT,   
 CHANGE IN CONTROL OR      
 TERMINATION WITHOUT CAUSE 
 OR FOR GOOD REASON DURING 
 TWO YEARS AFTER CHANGE    
 IN CONTROL ($)(1)         |           |     | ESTIMATED   
 VALUE UPON  
 TERMINATION 
 WITHOUT     
 CAUSE       
 ($)(1)      |           |     | ESTIMATED     
 VALUE UPON    
 TERMINATION   
 FOR GOOD      
 REASON ($)(1) |           |
|:----------------|:----|:--------------------------|----------:|:----|:------------|----------:|:----|:--------------|----------:|
| James Donder