Granite Point Mortgage (GPMT) CIO RSUs vest and share holdings change
Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. insider equity update: Chief Investment Officer Stephen Alpart reported an equity award vesting and related share transactions dated 12/31/2025. A grant of 60,060 restricted stock units vested and converted into the same number of common shares. On the same date, 30,660 common shares were disposed of at a price of $2.41 per share in a transaction coded "F", typically used for shares withheld or sold to cover tax obligations. Following these transactions, Alpart beneficially owns 248,156 shares of Granite Point Mortgage Trust Inc. common stock in direct form.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 60,060 | $0.00 | -- |
| Exercise | Common Stock | 60,060 | $0.00 | -- |
| Tax Withholding | Common Stock | 30,660 | $2.41 | $74K |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On December 31, 2020, the reporting person was granted 60,060 restricted stock units under the Granite Point Mortgage Trust Inc. 2017 Equity Incentive Plan, vesting in a single tranche on December 31, 2025, subject to continued service with GPMT through the applicable vesting date.
FAQ
What insider transaction did Granite Point Mortgage Trust (GPMT) report for 12/31/2025?
Granite Point Mortgage Trust reported that Chief Investment Officer Stephen Alpart had 60,060 restricted stock units vest and convert into common stock on 12/31/2025, along with a related disposal of 30,660 common shares.
What are the terms of the restricted stock units reported for Granite Point Mortgage Trust (GPMT)?
The filing explains that 60,060 restricted stock units were granted on December 31, 2020, under the Granite Point Mortgage Trust Inc. 2017 Equity Incentive Plan, vesting in a single tranche on December 31, 2025, subject to continued service with GPMT through that vesting date.
How do the Granite Point Mortgage Trust (GPMT) restricted stock units convert into common shares?
The document states that the restricted stock units convert into Granite Point Mortgage Trust Inc. common stock on a one-for-one basis, meaning each unit becomes one common share upon vesting.
Who is the reporting person in this Granite Point Mortgage Trust (GPMT) Form 4, and what is their role?
The reporting person is an officer of Granite Point Mortgage Trust Inc., serving as Chief Investment Officer, and the Form 4 reflects their transactions in the company’s equity.