Granite Point (NYSE: GPMT) CDO reports stock award and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Morral Peter M.
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,142 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,645 | $1.75 | $6K |
Holdings After Transaction:
Common Stock — 117,428 shares (Direct)
Footnotes (1)
- 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. 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.
FAQ
What insider transactions did GPMT executive Peter M. Morral report?
Peter M. Morral reported a mixed Form 4 transaction. He acquired 7,142 Granite Point Mortgage Trust common shares via an equity award and disposed of 3,645 shares to satisfy tax obligations, ending with 113,783 directly owned shares after these transactions.
How were the earned GPMT performance stock units determined for Peter M. Morral?
The earned units were determined based on company performance. The award, granted March 15, 2023, used performance measures over a three-year period from January 1, 2023 through December 31, 2025, with results measured on March 5, 2026.