Granite Point (GPMT) CEO converts RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Granite Point Mortgage Trust President and CEO John A. Taylor reported several equity compensation transactions. On February 27, 2026 and March 1, 2026, he exercised multiple blocks of restricted stock units into common stock, including 78,452, 86,818 and 44,760 shares at a conversion price of $0.00 per share.
To cover tax obligations from these vestings, Taylor disposed of 43,370 and 72,748 shares of common stock at $1.74 per share through tax-withholding transactions coded "F." After these moves, his directly held common stock position was 612,461.587 shares on March 1 and 577,379.587 shares on February 27.
Positive
- None.
Negative
- None.
Insider Trade Summary
210,030 shares exercised/converted
Mixed
8 txns
Insider
TAYLOR JOHN A
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 78,452 | $0.00 | -- |
| Exercise | Common Stock | 78,452 | $0.00 | -- |
| Tax Withholding | Common Stock | 43,370 | $1.74 | $75K |
| Exercise | Restricted Stock Units | 86,818 | $0.00 | -- |
| Exercise | Restricted Stock Units | 44,760 | $0.00 | -- |
| Exercise | Common Stock | 86,818 | $0.00 | -- |
| Exercise | Common Stock | 44,760 | $0.00 | -- |
| Tax Withholding | Common Stock | 72,748 | $1.74 | $127K |
Holdings After Transaction:
Restricted Stock Units — 78,452 shares (Direct);
Common Stock — 655,831.587 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On February 27, 2025, the reporting person was granted 260,455 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date. On June 5, 2025, the reporting person was granted 134,281 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date. On March 1, 2024, the reporting person was granted 235,355 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 1, 2025, and March 1, 2026, and 34% on March 1, 2027, subject to continued service with GPMT through the applicable vesting date.
FAQ
What insider transactions did GPMT CEO John A. Taylor report on this Form 4?
John A. Taylor reported exercising multiple restricted stock units into common stock and related tax-withholding dispositions. The transactions occurred on February 27, 2026 and March 1, 2026, reflecting scheduled equity award vesting and associated share deliveries.
How many Granite Point Mortgage Trust (GPMT) RSUs did the CEO convert to common stock?
The CEO converted several restricted stock unit blocks into common stock, including 78,452, 86,818 and 44,760 RSUs. Each restricted stock unit converts into one share of common stock under Granite Point Mortgage Trust’s omnibus incentive plans, according to the footnote disclosure.
What is John A. Taylor’s direct GPMT common stock holding after these transactions?
After the reported transactions, Taylor directly held 612,461.587 shares of Granite Point Mortgage Trust common stock on March 1, 2026. Earlier, on February 27, 2026, his direct common stock holdings were 577,379.587 shares following the RSU exercises and tax-withholding dispositions.
How do GPMT restricted stock units held by the CEO vest over time?
Footnotes state several RSU grants vest in tranches of 33%, 33%, and 34% on specified future dates. Vesting is generally subject to continued service with Granite Point Mortgage Trust through each vesting date, under the company’s omnibus incentive plans.