Granite Point (NYSE: GPMT) awards 122,176 RSUs to President and CEO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TAYLOR JOHN A reported acquisition or exercise transactions in this Form 4 filing.
Granite Point Mortgage Trust Inc. reported that President and CEO John A. Taylor received a grant of 122,176 restricted stock units (RSUs) of common stock as equity compensation. Each RSU represents a contingent right to receive one share of GPMT common stock.
The award vests over three years: 33% on March 5, 2027, 33% on March 5, 2028, and 34% on March 5, 2029, subject to the terms and conditions of the award agreement under the company’s Amended and Restated 2022 Omnibus Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TAYLOR JOHN A
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 122,176 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 122,176 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 122,176 units
Vesting 2027: 33% of award
Vesting 2028: 33% of award
+2 more
5 metrics
RSUs granted
122,176 units
Restricted stock unit award to President and CEO on March 5, 2026
Vesting 2027
33% of award
First vesting tranche scheduled for March 5, 2027
Vesting 2028
33% of award
Second vesting tranche scheduled for March 5, 2028
Vesting 2029
34% of award
Final vesting tranche scheduled for March 5, 2029
Underlying shares
122,176 shares
Each RSU converts into one share of common stock
Key Terms
Restricted Stock Units, Amended and Restated 2022 Omnibus Incentive Plan, contingent rights, vests
4 terms
Restricted Stock Units financial
"Represents a restricted stock unit award issued under Granite Point Mortgage Trust Inc.'s Amended and Restated 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 2022 Omnibus Incentive Plan financial
"Represents a restricted stock unit award issued under Granite Point Mortgage Trust Inc.'s Amended and Restated 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 financial
"This award vests 33% on each of March 5, 2027, and March 5, 2028, and 34% on March 5, 2029, subject to the terms and conditions contained in the award agreement."
FAQ
What did Granite Point (GPMT) disclose in this Form 4 for John A. Taylor?
Granite Point disclosed that President and CEO John A. Taylor received a grant of 122,176 restricted stock units. These RSUs are equity compensation that may convert into an equal number of common shares if the specified vesting conditions and schedule are satisfied.
How many restricted stock units were granted to the GPMT CEO?
John A. Taylor was granted 122,176 restricted stock units. Each unit is a contingent right to receive one share of Granite Point Mortgage Trust common stock, subject to vesting and the terms of the Amended and Restated 2022 Omnibus Incentive Plan award agreement.
How do the 122,176 RSUs for GPMT’s CEO vest over time?
The 122,176 RSUs vest in three tranches: 33% on March 5, 2027, another 33% on March 5, 2028, and the remaining 34% on March 5, 2029. Vesting depends on the terms and conditions set out in the award agreement.
What does the GPMT restricted stock unit award represent economically?
The RSU award represents a potential future issuance of 122,176 GPMT common shares. Each restricted stock unit is a contingent right to receive one share on a one-to-one basis if the vesting conditions are met according to the incentive plan and award agreement.
Under which plan were the GPMT CEO’s RSUs granted?
The RSUs were granted under Granite Point Mortgage Trust Inc.’s Amended and Restated 2022 Omnibus Incentive Plan. This plan governs the terms, conditions, and vesting rules for equity-based awards like restricted stock units granted to company executives and other participants.