Granite Point (NYSE: GPMT) director receives 39,772 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. director Hope B. Woodhouse received a grant of 39,772 restricted stock units as equity compensation. These units were issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan and carry no cash exercise price.
The restricted stock units are contingent rights to receive shares of GPMT common stock on a 1-to-1 basis. The entire award vests in a single tranche on June 4, 2027, subject to her continued service with the company. Following this grant, her reported derivative holdings from this award total 39,772 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Woodhouse Hope B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 39,772 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 39,772 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 39,772 units
Grant price: $0.00 per unit
Post-grant RSU holdings: 39,772 units
+3 more
6 metrics
RSUs granted
39,772 units
Restricted stock unit award to director on June 4, 2026
Grant price
$0.00 per unit
Restricted stock unit award terms
Post-grant RSU holdings
39,772 units
Total derivative holdings following transaction
Underlying common shares
39,772 shares
1-to-1 conversion of RSUs to common stock
Vesting date
June 4, 2027
Single-tranche vesting of RSU award
Expiration date
June 4, 2027
Expiration date for the restricted stock unit award
Key Terms
Restricted Stock Units, Omnibus Incentive Plan, contingent rights, vests in a single tranche
4 terms
Restricted Stock Units financial
"Represents a restricted stock unit award issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan."
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.
Omnibus Incentive Plan financial
"Represents a restricted stock unit award issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan."
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
contingent rights financial
"Restricted stock units are contingent rights to receive a share of GPMT common stock on a 1-to-1 basis."
vests in a single tranche financial
"This award vests in a single tranche on June 4, 2027, subject to continued service with GPMT."
FAQ
What insider transaction did GPMT director Hope B. Woodhouse report?
Hope B. Woodhouse reported receiving 39,772 restricted stock units in Granite Point Mortgage Trust Inc. This equity award was granted at a price of $0.00 per unit under the company’s 2022 Omnibus Incentive Plan.
How many Granite Point Mortgage Trust (GPMT) RSUs were granted in this Form 4?
The Form 4 shows a grant of 39,772 restricted stock units. Each unit represents a contingent right to receive one share of GPMT common stock, giving the director potential future ownership of 39,772 shares upon vesting.
When do the reported GPMT restricted stock units vest?
The restricted stock units vest in a single tranche on June 4, 2027. Vesting is subject to the director’s continued service with Granite Point Mortgage Trust Inc. through that date, as stated in the footnote.
Was this GPMT insider transaction a market buy or sell?
No market buy or sell occurred in this Form 4. The transaction is classified as an acquisition by grant, reflecting an equity compensation award of 39,772 restricted stock units rather than an open-market trade.
Under what plan were the Granite Point Mortgage Trust RSUs granted?
The award was issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan. This plan provides for equity-based compensation such as restricted stock units for eligible participants.