Granite Point (NYSE: GPMT) counsel earns stock units and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. General Counsel and Secretary Michael J. Karber reported equity compensation activity in company common stock. On March 5, 2026, he acquired 3,458 shares at no cost as a grant/award tied to previously granted performance stock units.
The performance stock units were originally issued on March 15, 2023 and became earned based on company performance over the three-year period from January 1, 2023 through December 31, 2025. On the same date, 1,670 shares were disposed of at $1.75 per share to satisfy tax withholding obligations, leaving him with 113,610 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Karber Michael J.
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,458 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,670 | $1.75 | $3K |
Holdings After Transaction:
Common Stock — 115,280 shares (Direct)
Footnotes (1)
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FAQ
What insider activity did Granite Point (GPMT) report on this Form 4?
Granite Point (GPMT) reported that executive Michael J. Karber acquired 3,458 shares of common stock via an equity award and disposed of 1,670 shares to cover tax withholding. These transactions reflect compensation and related tax settlement, not open‑market buying or selling.
Who is Michael J. Karber in relation to Granite Point (GPMT)?
Michael J. Karber is listed as an officer of Granite Point Mortgage Trust Inc., serving as General Counsel and Secretary. His Form 4 reports changes in his directly held common stock, including equity awards and shares withheld to satisfy associated tax liabilities.
What stock award did Michael J. Karber receive from Granite Point (GPMT)?
He received 3,458 shares of Granite Point common stock as a grant or award. These shares were issued upon settlement of previously granted performance stock units that became earned based on company performance over a defined three‑year measurement period.
How were the Granite Point (GPMT) performance stock units determined for this award?
The performance stock units were granted on March 15, 2023 and measured over January 1, 2023 through December 31, 2025. On March 5, 2026, the company determined how many units were earned based on performance, and those earned units became eligible to settle in common shares.