Granite Point counsel receives stock, withholds for tax
Granite Point Mortgage Trust Inc. General Counsel and Secretary Michael J. Karber reported equity compensation activity in company common stock.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,458 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,670 | $1.75 | $3K |
Footnotes (1)
- F1. On March 15, 2023, the reporting person was issued an award of performance stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan. The number of units from the award that were earned and eligible to be settled in shares of common stock was determined on March 5, 2026, based on the company performance against certain present performance measures during the three-year performance period of January 1, 2023, through December 31, 2025.
FAQ
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What insider activity did Granite Point (GPMT) report on this Form 4?
Who is Michael J. Karber in relation to Granite Point (GPMT)?
What stock award did Michael J. Karber receive from Granite Point (GPMT)?
How were the Granite Point (GPMT) performance stock units determined for this award?
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