Granite Point CEO exercises RSUs, withholds shares for tax
Granite Point Mortgage Trust President and CEO John A. Taylor exercised restricted stock units into common shares and had shares withheld for taxes.
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Rhea-AI Filing Summary
Granite Point Mortgage Trust President and CEO John A. Taylor exercised restricted stock units into common shares and had shares withheld for taxes. On March 15, 2026, 74,405 restricted stock units converted into 74,405 shares of common stock at a conversion price of $0.00 per share.
The company notes these restricted stock units were granted on March 15, 2023 under the 2022 Omnibus Incentive Plan and vest in three annual tranches, including the portion vesting on March 15, 2026. To cover tax obligations related to the vesting, 41,131 common shares were disposed of at $1.57 per share through tax withholding rather than an open-market sale.
Following these transactions, Taylor directly holds 651,735.587 shares of Granite Point Mortgage Trust common stock. No derivative securities remain from this restricted stock unit grant in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 74,405 | $0.00 | $0.00 |
| Exercise | Common Stock | 74,405 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 41,131 | $1.57 | $65K |
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On March 15, 2023, the reporting person was granted 223,214 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 15, 2024, and March 15, 2025, and 34% on March 15, 2026, subject to continued service with GPMT through the applicable vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GPMT CEO John A. Taylor report on March 15, 2026?
What derivative securities did the GPMT CEO exercise in this filing?
What was the original grant of restricted stock units to the GPMT CEO?
Does the GPMT Form 4 indicate any remaining derivative awards for the CEO?
AI-generated analysis. How Rhea-AI works. Not financial advice.