Director at Granite Point (NYSE: GPMT) converts 42,814 RSUs to stock
Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. director Sheila K. McGrath exercised previously granted equity awards, converting 42,814 restricted stock units into the same number of shares of common stock. The exercise price was reported as $0.00 per share, reflecting a stock-based compensation award rather than an open-market purchase.
The restricted stock units were granted on June 5, 2025 under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan and vested in full on the first anniversary of the grant date. Following this conversion, McGrath directly holds 107,416 shares of Granite Point common stock, and no restricted stock units remain from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 42,814 shares
Net Buy
2 txns
Insider
McGrath Sheila K.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 42,814 | $0.00 | $0.00 |
| Exercise | Common Stock | 42,814 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 107,416 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On June 5, 2025, the reporting person was granted 42,814 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, which vested in full on the first anniversary of the grant date.
Key Figures
RSUs exercised: 42,814 units
Shares received: 42,814 shares
Post-transaction holdings: 107,416 shares
+2 more
5 metrics
RSUs exercised
42,814 units
Restricted stock units converted to common stock
Shares received
42,814 shares
Common stock issued on RSU conversion
Post-transaction holdings
107,416 shares
Director’s direct ownership after conversion
Exercise price
$0.00 per share
Reported price for RSU conversion
RSU grant date
June 5, 2025
Grant under 2022 Omnibus Incentive Plan
Key Terms
Restricted stock units, Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, derivative security
3 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan financial
"granted 42,814 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Granite Point (GPMT) director Sheila McGrath report in this Form 4 filing?
Sheila K. McGrath reported exercising 42,814 restricted stock units into 42,814 shares of Granite Point common stock. This was an equity award conversion at a stated price of $0.00 per share, reflecting stock-based compensation rather than an open-market transaction.
What exactly happened to the 42,814 restricted stock units in the GPMT Form 4?
The 42,814 restricted stock units converted on a one-for-one basis into 42,814 shares of Granite Point common stock. These units were originally granted as equity compensation and vested in full one year after the grant date before being converted into common shares.
When were the restricted stock units in this Granite Point (GPMT) filing granted and when did they vest?
The restricted stock units were granted on June 5, 2025, under Granite Point’s 2022 Omnibus Incentive Plan. According to the disclosure, they vested in full on the first anniversary of the grant date, leading to their conversion into common stock on June 5, 2026.
Is Sheila McGrath’s Granite Point (GPMT) Form 4 transaction an open-market stock purchase or sale?
The transaction is not an open-market purchase or sale. It reflects the exercise and conversion of 42,814 restricted stock units into common stock at a reported price of $0.00 per share, consistent with standard stock-based compensation vesting and settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
