Granite Point director granted 34,902 RSUs
Halter Patrick Gregory reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Halter Patrick Gregory reported acquisition or exercise transactions in this Form 4 filing.
Granite Point Mortgage Trust director Patrick Gregory Halter received a grant of 34,902 restricted stock units as equity compensation. Each unit represents a contingent right to receive one share of GPMT common stock. The award vests in a single tranche on June 4, 2027, subject to continued service.
Insider Trade Summary
Grant/Award: 34,902 shares
Grant/Award
1 txn
Insider
Halter Patrick Gregory
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 34,902 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 34,902 contracts (Direct)
Footnotes (1)
- F1. 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 contingent rights to receive a share of GPMT common stock on a 1-to-1 basis. This award vests in a single tranche on June 4, 2027, subject to continued service with GPMT.
Key Figures
RSU grant size: 34,902 units
Underlying common shares: 34,902 shares
Exercise price: $0.00 per unit
+3 more
6 metrics
RSU grant size
34,902 units
Restricted stock units granted to director on June 4, 2026
Underlying common shares
34,902 shares
Each RSU converts into one GPMT common share
Exercise price
$0.00 per unit
No cash exercise price for RSU award
Vesting date
June 4, 2027
Award vests in a single tranche on this date
Expiration date
June 4, 2027
RSUs expire on the same date as vesting
Holdings after grant
34,902 units
Total restricted stock units held following this transaction
Key Terms
Restricted Stock Units, Omnibus Incentive Plan, vests in a single tranche, contingent rights
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
"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.
vests in a single tranche financial
"This award vests in a single tranche on June 4, 2027, subject to continued service with GPMT."
contingent rights financial
"Restricted stock units are contingent rights to receive a share of GPMT common stock on a 1-to-1 basis."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Granite Point Mortgage Trust (GPMT) report in this Form 4?
GPMT reported an equity award to director Patrick Gregory Halter consisting of 34,902 restricted stock units. These units are a form of stock-based compensation and do not involve any open-market purchase or sale of Granite Point Mortgage Trust common shares.
How many restricted stock units did the GPMT director receive?
The director received 34,902 restricted stock units as part of his compensation. These units give him the right to receive 34,902 shares of GPMT common stock on a one-for-one basis, subject to vesting and continued service with Granite Point Mortgage Trust.
When do Patrick Gregory Halter’s GPMT restricted stock units vest?
The restricted stock units vest on June 4, 2027, in a single tranche. Vesting is contingent on continued service with Granite Point Mortgage Trust through that date, meaning the director must remain in service for the full vesting period to receive the underlying shares.
Are the GPMT restricted stock units tied to a specific incentive plan?
Yes, the award is issued under the 2022 Omnibus Incentive Plan, as amended and restated by Granite Point Mortgage Trust. This plan governs equity-based compensation, including restricted stock units granted to directors and other eligible participants of the company.
Do the restricted stock units involve any cash payment or exercise price?
No cash exercise price is required for these units, which were granted at a price per unit of $0.00. They are contingent rights to receive GPMT common stock upon vesting, rather than options that require paying an exercise price in the future.
How many derivative securities does the director hold after this transaction?
After the grant, the director holds 34,902 restricted stock units related to GPMT common stock. The Form 4 does not show any additional derivative positions, and there were no reported sales or disposals in connection with this equity award grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
