GPMT CDO gets stock award, withholds shares for taxes
Granite Point Mortgage Trust Inc. Chief Development Officer Peter M. Morral reported mixed equity transactions involving company common stock.
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Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. Chief Development Officer Peter M. Morral reported mixed equity transactions involving company common stock. He acquired 7,142 shares on March 5, 2026 through a grant/award tied to a performance stock unit award issued on March 15, 2023 under the 2022 Omnibus Incentive Plan. On the same date, 3,645 shares were disposed of at $1.75 per share to cover tax obligations, leaving him with 113,783 directly owned shares of common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,142 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,645 | $1.75 | $6K |
Footnotes (2)
- 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.
- F2. Prior to the date of the reporting person's last ownership report, he transferred 18,084 shares of Granite Point Mortgage Trust Inc. Common Stock to his ex-spouse pursuant to a domestic relations order.
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