Granite Point director granted 58,441 RSUs
KASNET STEPHEN G reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
KASNET STEPHEN G reported acquisition or exercise transactions in this Form 4 filing.
Granite Point Mortgage Trust Inc. director Stephen G. Kasnet received a grant of 58,441 restricted stock units (RSUs) as compensation. These RSUs were awarded at a price of $0.00 per unit and each unit represents the right to receive one share of GPMT common stock.
The award vests in a single tranche on June 4, 2027, provided Kasnet continues his service with the company. Following this grant, he holds 58,441 RSUs directly, which may settle into an equal number of common shares upon vesting and settlement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 58,441 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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 contingent rights to receive a share of GPMT common stock on a 1-to-1 basis. This award vests in a single tranche on June 4, 2027, subject to continued service with GPMT.
Key Figures
Key Terms
Restricted Stock Units financial
contingent rights financial
Amended and Restated ... 2022 Omnibus Incentive Plan financial
vesting financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Granite Point Mortgage Trust (GPMT) report for Stephen G. Kasnet?
How many restricted stock units did the GPMT director receive in this Form 4 filing?
What are the vesting terms of the 58,441 RSUs granted by Granite Point Mortgage Trust (GPMT)?
Does the GPMT director pay anything for the restricted stock units granted?
What does each restricted stock unit represent for Granite Point Mortgage Trust (GPMT)?
How many RSUs does the GPMT director hold after this transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.