Granite Point (NYSE: GPMT) CFO reports RSU vesting and tax share use
Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc.’s Chief Financial Officer Blake Johnson reported equity award activity involving restricted stock units (RSUs) and common stock. On February 27, 2026, RSUs were exercised on a one-for-one basis into common stock in blocks of 9,646 and 4,973 shares.
These RSUs relate to grants of 28,939 units on February 27, 2025 and 14,920 units on June 5, 2025 under the company’s omnibus incentive plan, vesting 33% on each of February 27, 2026 and 2027, and 34% on February 27, 2028, subject to continued service. A total of 7,966 common shares were disposed of at $1.74 per share to satisfy tax obligations linked to these awards.
Following these transactions, Johnson directly held 17,868 shares of Granite Point Mortgage Trust common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,646 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,973 | $0.00 | -- |
| Exercise | Common Stock | 9,646 | $0.00 | -- |
| Exercise | Common Stock | 4,973 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,966 | $1.74 | $14K |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On February 27, 2025, the reporting person was granted 28,939 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 14,920 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.