Company: NREF
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010694
Chunk: 33

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 33
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o   |     | $                         | 4,770,670 |     | $           | 2,961,417 |     | $             | 2,358,333 |
| Matt McGraner   |     | $                         | 4,710,734 |     | $           | 2,901,481 |     | $             | 2,298,397 |
| Brian Mitts (2) |     | $                         | 1,099,634 |     | $           |   707,388 |     | $             |   576,639 |

| (1) | Estimated value is determined by multiplying (x) the number of restricted stock 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 our common stock as of December 31, 2024 ($15.69). |

| (2) | Under SEC rules, we are required to present the estimated amounts Mr. Mitts would have become entitled to under the terms of his outstanding equity awards in effect as of December 31, 2024 had any of the foregoing events occurred on December 31, 2024. Mr. Mitts and the Company negotiated a separation agreement and amended award agreement in connection with his resignation as Chief Financial Officer, Executive VP-Finance, Secretary and Treasurer of the Company effective as of 11:59 p.m. Central Time on December 31, 2024, the terms of which are described below under “Separation Agreement with Brian Mitts”. Pursuant to the terms of the amended and restated award agreements, no restricted stock units granted to Mr. Mitts were subject to accelerated vesting upon his resignation. |

In general, except as may be otherwise prescribed by the compensation committee in any award agreement, the Amended and Restated NexPoint Real Estate Finance, Inc. 2020 Long Term Incentive Plan (the “LTIP”) 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 LTIP cease for any reason to constitute at least a majority of the Board, unless their replacements are approved as described in the LTIP (subject to certain exceptions described in the LTIP); (b) a person or group becomes the beneficial owner of 35% or more of the then-outstanding shares of our common stock or the combined voting power of our then