Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 220

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 220
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 $5,000,000 (if no annual base salary)                                                                |
| Chief Financial Officer                   
 Chief Investment Officer                  
 Executive Vice President, Head of Lodging 
 Vice President, Asset Management          | 1.5 times annual base salary                                                                         |
| Trustees                                  | 3 times annual cash retainer (excluding retainers paid in respect of Board or Committee Chair roles) |

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Each Trustee and executive officer is required to continue to hold such minimum ownership levels for as long as they serve as a Trustee or executive officer of NHT. Awards granted under the Omnibus Plan are included in determining an individual’s equity ownership value.

| Compensation – Trustees |

Individual Trustees add value to the Board and to NHT by bringing skills, knowledge and experiences that complement those of their colleagues, so that collectively, the Board provides diversity and balance in views and perspectives, ensuring a challenging and thoughtful exchange with management. Trustee attendance at meetings is mandatory and, additionally, there is an expectation that all Trustees will be available as needed outside of meetings. Board membership is reviewed annually to ensure the right mix and skills are present.

Trustee compensation is structured to recognize Trustees for their skills, knowledge, experiences and attention in overseeing the governance of NHT, and to align with Unitholders’ interests. The Compensation, Governance and Nominating Committee reviews Trustee compensation and recommends any changes to the Board to ensure that Trustee compensation is competitive.

In respect of January 1, 2023 to December 31, 2023, the Trustee compensation framework was as follows:

| Annual Board Retainer                                   |            |
| Non-management Trustee                                  |    $25,000 |
| Meeting Fees                                            |            |
| Per Board or Committee Meeting                          |     $1,500 |
| Chair Retainers                                         |            |
| Lead Trustee                                            |    $10,000 |
| Audit Committee Chair                                   |    $15,000 |
| Compensation, Governance and Nominating Committee Chair |    $10,000 |
| Travel and Expenses                                     |            |
| Reasonable Travel and ancillary expenses                | Reimbursed |

On January 10, 2024, in order to compensate the Independent Trustees for the Suspension and the matching contribution payable for Deferred Unit issuances, the Compensation, Governance and Nominating Committee and the Board determined it was in the best interests of the REIT to increase the fees payable to the Independent Trustees as follows:

| Annual Board Retainer