Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 62

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 62
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 of the Code. Failure to satisfy the applicable requirements under this provision for awards considered deferred compensation would result in the acceleration of income and additional income tax liability to the recipient, including certain penalties.

New Plan Benefits

As of the date hereof, no awards have been granted under the A&R 2023 Plan. The aggregate number of shares and aggregate total dollar value of potential future awards under the A&R 2023 Plan that may be made to any of our named executive officers or to our executive officers, non-executive officer employees or non-employee trustees as a group is subject to the discretion of the Compensation Committee and is not yet determinable. Grants under the 2023 Plan in 2024 to our named executive officers and non-employee trustees are described in the “Executive Compensation” and “The Board, Its Committees and Its Compensation” sections below.

Registration with the SEC

If the A&R 2023 Plan is approved by Old NXDT’s shareholders and becomes effective, we intend to file a Registration Statement on Form S-8 relating to the issuance of Old Common Shares under the A&R 2023 Plan with the SEC pursuant to the Securities Act of 1933, as amended, as soon as practicable after approval of the A&R 2023 Plan by Old NXDT’s shareholders.

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Required Vote

Under Old NXDT’s bylaws, the approval of the A&R 2023 Plan requires the affirmative vote of a majority of votes cast.

<div align='center'>The Board unanimously recommends a vote FOR the approval of the amendment and restatement of the NexPoint Diversified Real Estate Trust 2023 Long Term Incentive Plan.

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PROPOSAL 5‒
APPROVAL OF THE POTENTIAL ISSUANCE OF OLD COMMON SHARES OR, IF THE CONVERSION IS COMPLETED, NEW COMMON STOCK, TO THE ADVISER PURSUANT TO THE ADVISORY AGREEMENT</div>

Section 312.03(b) of the NYSE Listed Company Manual (“Rule 312”) requires shareholder approval prior to the issuance of Old Common Shares or, if the Conversion is completed, New Common Stock, or of securities convertible into or exercisable for Old Common Shares or, if the Conversion is completed, New Common Stock, in a transaction or series of related transactions, in which a director, officer or substantial security holder of Old NXDT (each a “Related Party”) has a five percent or greater interest, directly or indirectly, in the