Lazar Nikolic (NYSE: GPMT) receives 34,902 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nikolic Lazar reported acquisition or exercise transactions in this Form 4 filing.
Granite Point Mortgage Trust Inc. director Lazar Nikolic reported receiving a grant of 34,902 restricted stock units (RSUs) of common stock. These RSUs were awarded at no cash cost as equity compensation.
Each RSU represents a contingent right to receive one share of GPMT common stock on a 1-to-1 basis. The entire award vests in a single tranche on June 4, 2027, subject to Mr. Nikolic’s continued service with the company. Following this grant, he holds 34,902 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nikolic Lazar
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 34,902 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 34,902 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 34,902 units
Grant price: $0.00 per unit
Underlying common shares: 34,902 shares
+3 more
6 metrics
RSUs granted
34,902 units
Restricted stock unit award to director Lazar Nikolic
Grant price
$0.00 per unit
Equity award with no cash exercise price
Underlying common shares
34,902 shares
1-to-1 RSU to common stock ratio
RSUs after transaction
34,902 units
Total restricted stock units held following grant
Vesting date
June 4, 2027
Single-tranche vesting for the RSU award
RSU expiration date
June 4, 2027
Expiration date reported for derivative security
Key Terms
restricted stock unit, Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, contingent rights, vests in a single tranche
4 terms
restricted stock unit financial
"Represents a restricted stock unit award issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan financial
"Represents a restricted stock unit award issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan."
contingent rights financial
"Restricted stock units are contingent rights to receive a share of GPMT common stock on a 1-to-1 basis."
vests in a single tranche financial
"This award vests in a single tranche on June 4, 2027, subject to continued service with GPMT."
FAQ
What did Granite Point Mortgage Trust (GPMT) disclose about Lazar Nikolic in this Form 4?
Granite Point Mortgage Trust disclosed that director Lazar Nikolic received a grant of 34,902 restricted stock units. These equity awards are tied to the company’s common stock and represent part of his compensation from the company.
How many restricted stock units did Lazar Nikolic receive from GPMT in this filing?
Lazar Nikolic received 34,902 restricted stock units (RSUs) from Granite Point Mortgage Trust. Each RSU is a right to receive one share of GPMT common stock, giving him potential future ownership if the vesting conditions are satisfied.
When do Lazar Nikolic’s GPMT restricted stock units vest?
The 34,902 restricted stock units granted to Lazar Nikolic vest in a single tranche on June 4, 2027. Vesting is conditioned on his continued service with Granite Point Mortgage Trust through that date, according to the award terms.
What does each GPMT restricted stock unit represent for Lazar Nikolic?
Each restricted stock unit granted to Lazar Nikolic represents a contingent right to receive one share of Granite Point Mortgage Trust common stock. Actual shares are delivered only if the RSUs vest under the specified service conditions.
Under which plan were Lazar Nikolic’s GPMT restricted stock units granted?
The grant to Lazar Nikolic was issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan. This plan governs the terms of equity awards, including RSUs, that the company may grant to eligible participants.
What is Lazar Nikolic’s reported RSU holding in GPMT after this transaction?
After this transaction, Lazar Nikolic is reported as holding 34,902 restricted stock units directly. These RSUs are scheduled to vest on June 4, 2027, assuming he continues his service with Granite Point Mortgage Trust through that date.