Will Mabry
About Will Mabry
Will Mabry (year of birth 1986) serves as Assistant Treasurer of NexPoint Capital, Inc. and has held this officer role since April 2021; he is based in Dallas, Texas and is concurrently Director, Fund Analysis at Skyview Group, with prior roles at Highland Capital Management, L.P. (HCMLP) in Fund Analysis . He was named as an attorney-in-fact and proxy for NXPT’s 2025 annual meeting, underscoring his operational involvement in corporate governance processes . Executive officers, including Mabry, receive no direct remuneration from NXPT; compensation is paid by the adviser/administrator, limiting disclosure of pay-for-performance metrics at the issuer level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| NexPoint Capital, Inc. | Assistant Treasurer | Since Apr 2021 | Officer appointed to monitor and report on operations to the Board within the BDC oversight framework |
| Highland Capital Management, L.P. (HCMLP) | Senior Manager – Fund Analysis; Manager – Fund Analysis; Senior Fund Analyst | Not disclosed | Fund analysis responsibilities supporting investment and reporting functions at affiliated entities |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Skyview Group | Director, Fund Analysis | Since Feb 2021 | Provides administrative/operational support services to the Adviser under a Services Agreement framework |
| Highland Global Allocation Fund (HGLB) | Assistant Treasurer | Since Apr 2021 | Officer in broader fund complex, indicating cross-vehicle operational responsibilities |
Fixed Compensation
NXPT discloses that executive officers receive no direct remuneration from the Corporation; compensation is paid by the Adviser/Administrator. Accordingly, NXPT does not maintain a compensation committee for executives and does not report executive pay elements (salary, bonus, equity) at the issuer level.
| Component | Disclosure |
|---|---|
| Base salary | Not paid by NXPT; executive officers receive no direct remuneration |
| Target bonus % / actual bonus | Not paid by NXPT; not disclosed |
| Equity awards (RSU/PSU) | Not paid by NXPT; not disclosed |
| Option awards | Not paid by NXPT; not disclosed |
| Perquisites | Not disclosed |
| Pension/SERP | Not disclosed |
| Compensation committee for executives | NXPT does not have an executive compensation committee; director pay is overseen by Governance & Compliance Committee |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable at issuer level | — | — | — | — | — |
| Notes | NXPT does not pay incentive compensation to executive officers; compensation is paid by Adviser/Administrator. No issuer-level performance metrics or payouts are disclosed for corporate officers . |
Equity Ownership & Alignment
| Holder | Shares Owned | Value | % of Shares Outstanding |
|---|---|---|---|
| All officers and Directors as a group (10 persons) | None | $0 | 0% |
- Dollar range of NXPT shares for Directors individually shows “None” across all named Directors; officer-level individual ranges are not itemized, but the group total is zero .
- Pledging, hedging, and ownership guidelines for officers are not disclosed; NXPT’s Rule 17j-1 Codes of Ethics govern personal trading but do not provide ownership requirement disclosures .
Employment Terms
| Term | Disclosure |
|---|---|
| Appointment/tenure | Assistant Treasurer since April 2021 |
| Term length/expiration | Officers serve until a successor is elected and qualifies, or earlier resignation/removal |
| Employment contract | Not disclosed |
| Severance provisions | Not disclosed; executives are compensated by the Adviser/Administrator rather than NXPT |
| Change-of-control economics | Not disclosed for officers; NXPT does not report executive CIC terms at issuer level |
| Non-compete / non-solicit | Not disclosed |
| Clawbacks | Not disclosed; NXPT has a SOX Code of Ethics and Rule 17j-1 codes applicable to officers |
| Proxy designation | Appointed as attorney-in-fact/proxy for the 2025 annual meeting |
Investment Implications
- Compensation alignment transparency is limited: NXPT does not pay or disclose executive compensation for officers; pay is set and paid by the Adviser/Administrator (and Skyview/NexPoint Services arrangements), making it difficult to assess issuer-level pay-for-performance or retention structures for Mabry .
- Ownership alignment appears low at the issuer: officers and directors, as a group, held no NXPT common stock as of April 30, 2025 (0% ownership), which reduces direct equity-alignment signals; director individual dollar ranges were “None” for NXPT shares .
- Insider selling pressure is minimal-to-absent at issuer level given zero reported holdings for officers/directors as a group, but lack of individual officer disclosure limits precision; no pledging/hedging data is provided .
- Governance/related-party structure warrants monitoring: the Adviser’s Services Agreement with Skyview and dual-employee arrangements centralize compensation and operations outside the issuer; the Board oversees conflicts via governance and compliance processes and Rule 17j-1 Codes, but practical pay incentives are set externally .
- Execution risk assessment is constrained: without issuer-level performance pay metrics or officer-level ownership disclosures for Mabry, predictive signals (e.g., PSU targets, CIC accelerations, clawbacks) are unavailable; operational involvement (proxy designation; Assistant Treasurer role) indicates ongoing influence in corporate processes .