Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 51

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 51
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ii) (together, the “Company Group” and any member of the Company Group, a “Company Group Member”).

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As of March 31, 2025, there were approximately 35 employees of our Company Group and six non-employee trustees of Old NXDT expected to participate in the A&R 2023 Plan. As of March 31, 2025, there were zero consultants expected to participate in the A&R 2023 Plan.

Plan Administration

The A&R 2023 Plan will generally be administered by the Compensation Committee (or its successor), or any other committee of the Board designated by the Board to administer the A&R 2023 Plan. As plan administrator, the Compensation Committee has broad authority to determine the terms of the awards granted under the A&R 2023 Plan (subject to the terms thereof) and to make all other determinations it deems necessary or advisable to administer the A&R 2023 Plan properly. The interpretation and construction by the Compensation Committee of any provision of the A&R 2023 Plan or of any award agreement or related document, and any determination by the Compensation Committee pursuant to any provision of the A&R 2023 Plan or of any such agreement, notification or document, will be final and conclusive.

The Compensation Committee may also delegate its authority under the A&R 2023 Plan: (i) to a subcommittee of the Compensation Committee; (ii) if permitted by applicable law and with respect to the committee’s administrative duties and powers, to one or more committee members, officers, agents or advisors of Old NXDT as it deems advisable; and (iii) by resolution to one or more officers of Old NXDT with respect to selecting eligible employee participants (provided they are not subject to Section 16 of the Exchange Act reporting requirements) and determining award size, subject to certain additional limitations in the A&R 2023 Plan.

Shares Available for Awards and ISOs

Subject to adjustment as provided in the A&R 2023 Plan, the number of Old Common Shares that may be issued or transferred under the A&R 2023 Plan shall not exceed the Overall Share Limit, which includes the 2,545,000 shares previously approved under the 2023 Plan. The maximum number of Old Common Shares that may be issued pursuant to an “incentive stock option”, as defined in Section 422 of the Code (or an “ISO”), may not exceed the Overall Share Limit.

Share Counting