Granite Point CFO converts stock grant to 22,075 shares
The CFO reported 10,860 shares delivered or withheld for payment of exercise price or tax liability.
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Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. (GPMT) Chief Financial Officer Blake Johnson exercised 22,075 restricted stock units into 22,075 common shares on October 4, 2026, on a one-for-one basis. He also reported 10,860 shares delivered or withheld for payment of exercise price or tax liability, at a reported $0.76 per share. The derivative table lists 22,075 RSUs following the transaction, with an October 4, 2027 expiration date. The transaction preceded the company's one-for-ten reverse stock split effective October 5, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 22,075 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 22,075 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 10,860 | $0.76 | $8K |
Footnotes (3)
- F1. The reporting person's shares of common stock were acquired on October 4, 2026, prior to the effective date of Granite Point Mortgage Trust Inc.'s one-for-ten reverse stock split on October 5, 2026.
- F2. Restricted stock units convert into common stock on a one-for-one basis.
- F3. On October 4, 2024, the reporting person was granted 66,225 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting in three (3) equal installments on each of October 4, 2025, October 4, 2026, and October 4, 2027, subject to continued service with GPMT through the applicable vesting date.
Key Figures
Key Terms
Restricted stock units financial
one-for-one basis financial
reverse stock split financial
2022 Omnibus Incentive Plan financial
vesting financial
FAQ
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How many GPMT restricted stock units did Blake Johnson hold after the transaction?
What was Blake Johnson's GPMT restricted stock unit vesting schedule?
AI-generated analysis. How Rhea-AI works. Not financial advice.