Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 194

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 6
Chunk 194
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22, 2021, the Company granted 220,352 restricted stock units to its officers and other employees of the Manager and 11,832 restricted stock units to its directors, on November 8, 2021, the Company granted 1,201 restricted stock units to the sole member of the general partner of one of the Company’s subsidiaries, on February 21, 2022, the Company granted 264,476 restricted stock units to its officers and other employees of the Manager and 12,464 restricted stock units to its directors, on April 4, 2023, the Company granted 418,685 restricted stock units to its officers and other employees of the Manager and 21,370 restricted stock units to its directors, on March 13, 2024 the Company granted 442,666 restricted stock units to its officers and other employees of the Manager and 22,650 restricted stock units to its directors, and on April 3, 2025, the Company granted 449,664 restricted stock units to its officers and other employees of the Manager and 33,108 restricted stock units to its directors. Compensation expense is recognized on a straight-line basis over the total requisite service period for the entire award. Forfeitures are recognized as they occur. The following table includes the number of restricted stock units granted, vested, forfeited and outstanding as of June 30, 2025:2025Number of UnitsWeighted AverageGrant Date Fair ValueOutstanding December 31, 2024920,076 $15.81 Granted482,772 14.66 Vested(363,852)(1)16.48 Forfeited(13,390)14.63 Outstanding June 30, 20251,025,606 $15.15 (1)Certain key employees of the Manager elected to net the taxes owed upon vesting against the shares issued resulting in 260,699 shares being issued as shown on the consolidated statements of stockholders' equity.The vesting schedule for the restricted stock units as of June 30, 2025 is as follows: Shares VestingFebruaryMarchAprilTotal202651,950105,667232,475390,0922027112,419105,66486,945305,0282028112,414105,665—218,0792029112,407——112,407Total389,190316,996319,4201,025,606As of June 30,