Granite Point Mortgage Trust (NYSE: GPMT) reports insider RSU vesting and share withholding
Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. reported an insider equity transaction by its General Counsel and Secretary. On December 31, 2025, 32,532 restricted stock units vested and automatically converted into common stock on a one-for-one basis. To cover tax withholding on this vesting, 16,005 shares of common stock were disposed of at $2.41 per share, with the remaining shares increasing the insider’s direct holdings.
Following these transactions, the reporting person directly owned 84,298 shares of Granite Point Mortgage Trust Inc. common stock and no longer held any of the related restricted stock units, which were fully settled in shares on the vesting date.
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FAQ
What insider transaction did Granite Point Mortgage Trust Inc. (GPMT) report?
The company reported that its General Counsel and Secretary had 32,532 restricted stock units vest and convert into common stock on December 31, 2025, with a portion of the resulting shares disposed of to cover taxes.
How many Granite Point Mortgage Trust Inc. (GPMT) RSUs vested in this Form 4 filing?
A total of 32,532 restricted stock units vested and converted into the same number of Granite Point Mortgage Trust Inc. common shares on a one-for-one basis.
At what price were GPMT shares withheld or disposed of for taxes?
The filing shows that 16,005 shares of Granite Point Mortgage Trust Inc. common stock were disposed of at a price of $2.41 per share in a transaction coded "F" for tax withholding.
What is the reporting person’s GPMT share ownership after the transaction?
After the reported transactions, the insider directly owned 84,298 shares of Granite Point Mortgage Trust Inc. common stock.
What happened to the Granite Point Mortgage Trust Inc. restricted stock units in this filing?
The 32,532 restricted stock units, originally granted on December 31, 2020 under the 2017 Equity Incentive Plan, vested in a single tranche on December 31, 2025 and were fully settled into common stock, leaving 0 derivative securities of this grant outstanding.
What role does the reporting person hold at Granite Point Mortgage Trust Inc. (GPMT)?
The reporting person is an officer of Granite Point Mortgage Trust Inc., serving as General Counsel and Secretary, and filed this Form 4 as a single reporting person.