Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 85

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 85
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 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:

| NAME          |     | ESTIMATED VALUE UPON TERMINATION DUE TO DEATH, DISABILITY, RETIREMENT, CHANGE IN CONTROL OR TERMINATION WITHOUT CAUSE OR FOR GOOD REASON DURING TWO YEARS AFTER A CHANGE IN CONTROL($)(1) |           |     | ESTIMATED VALUE UPON TERMINATION WITHOUT CAUSE ($)(1) |         |
|:--------------|:----|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------:|:----|:------------------------------------------------------|--------:|
| James Dondero |     | $                                                                                                                                                                                         | 2,642,801 |     | $                                                     | 732,244 |
| Matt McGraner |     | $                                                                                                                                                                                         | 2,610,025 |     | $                                                     | 721,319 |
| Dustin Norris |     | $                                                                                                                                                                                         |   663,326 |     | $                                                     | 184,806 |

| (1) | Estimated value is determined by multiplying (x) the number of restricted share units that would have been subject to accelerated vesting if the applicable triggering event occurred on December 31, 2024, by (y) the closing price of the Old Common Shares as of December 31, 2024 ($6.10). |

In general, except as may be otherwise prescribed by the Compensation Committee in any award agreement, the 2023 Plan provides that a change of control will be deemed to have occurred if: (a) individuals who constitute the Board on the effective date of the 2023 Plan cease for any reason to constitute at least a majority of the Board, unless their replacements are approved as described in the 2023 Plan (subject to certain exceptions described in the 2023 Plan); (b) a person or group becomes the beneficial owner of 35% or more of the then-outstanding Old Common Shares or the combined voting power of our then-outstanding securities entitled to vote generally in the election of directors, subject to certain exceptions; (c) Old NXDT closes a reorganization, merger, consolidation, significant sale