Granite Point Mortgage Trust (GPMT) director receives 38,961 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DEHNE TANUJA M reported acquisition or exercise transactions in this Form 4 filing.
Granite Point Mortgage Trust Inc. director Tanuja M. Dehne received a grant of 38,961 restricted stock units as equity compensation. Each unit represents a contingent right to receive one share of GPMT common stock under the company’s 2022 Omnibus Incentive Plan.
The award vests in a single tranche on June 4, 2027, subject to her continued service with the company. Following this grant, she is reported as holding 38,961 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DEHNE TANUJA M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 38,961 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 38,961 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 38,961 units
RSUs after transaction: 38,961 units
Exercise price: $0.00 per unit
+2 more
5 metrics
RSUs granted
38,961 units
Restricted stock unit award on June 4, 2026
RSUs after transaction
38,961 units
Total restricted stock units following grant
Exercise price
$0.00 per unit
RSU grant, no cash exercise price
Vesting date
June 4, 2027
Single-tranche vesting for RSU award
Conversion ratio
1-to-1
Each RSU converts into one GPMT common share
Key Terms
Restricted Stock Units, Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, contingent rights, vesting
4 terms
Restricted Stock Units financial
"Represents a restricted stock unit award issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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."
vesting financial
"This award vests in a single tranche on June 4, 2027, subject to continued service with GPMT."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Granite Point Mortgage Trust (GPMT) report for Tanuja M. Dehne?
Granite Point Mortgage Trust reported that director Tanuja M. Dehne received 38,961 restricted stock units as an equity award. These units were granted at no cash cost as compensation and are tied to future delivery of GPMT common shares.
How many Granite Point Mortgage Trust (GPMT) restricted stock units were granted in this Form 4?
The filing shows a grant of 38,961 restricted stock units to director Tanuja M. Dehne. Each unit corresponds to one share of GPMT common stock, contingent on vesting and continued service with the company through the specified vesting date.
When do the newly granted GPMT restricted stock units vest?
The restricted stock units vest in a single tranche on June 4, 2027. Vesting is subject to Ms. Dehne’s continued service with Granite Point Mortgage Trust through that date, according to the terms described in the insider filing footnote.
What does each Granite Point Mortgage Trust (GPMT) restricted stock unit represent?
Each restricted stock unit represents a contingent right to receive one share of GPMT common stock. Delivery occurs upon vesting, so the units function as deferred stock-based compensation rather than immediate ownership of common shares.
Under which plan were the GPMT restricted stock units granted to Tanuja M. Dehne?
The award was issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan. This plan provides for equity-based compensation, including restricted stock units, to align director and employee incentives with shareholders.