79,496 RSUs granted to Granite Point (NYSE: GPMT) CDO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morral Peter M. reported acquisition or exercise transactions in this Form 4 filing.
Granite Point Mortgage Trust Inc. reported that Chief Development Officer Peter M. Morral received a grant of 79,496 restricted stock units (RSUs) as equity compensation. The RSUs were granted at no cash cost and each unit represents the right to receive one share of GPMT common stock.
The award was issued under the company’s Amended and Restated 2022 Omnibus Incentive Plan. It vests 33% on March 5, 2027, 33% on March 5, 2028, and 34% on March 5, 2029, subject to the terms and conditions of the award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morral Peter M.
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 79,496 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 79,496 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 79,496 units
RSU-to-share ratio: 1-to-1
Vesting 2027: 33%
+4 more
7 metrics
RSUs granted
79,496 units
Restricted stock units granted to CDO Peter M. Morral
RSU-to-share ratio
1-to-1
Each RSU equals one share of GPMT common stock
Vesting 2027
33%
Portion of RSU award vesting on March 5, 2027
Vesting 2028
33%
Portion of RSU award vesting on March 5, 2028
Vesting 2029
34%
Final portion vesting on March 5, 2029
Exercise price
$0.00 per unit
RSU grant recorded with no cash exercise price
Award expiration
March 5, 2029
Expiration date listed for the RSU award
Key Terms
Restricted Stock Units, Amended and Restated 2022 Omnibus Incentive Plan, contingent rights, vests
4 terms
Restricted Stock Units financial
"Represents a restricted stock unit award issued under Granite Point Mortgage Trust Inc.'s Amended and Restated 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.
Amended and Restated 2022 Omnibus Incentive Plan financial
"award issued under Granite Point Mortgage Trust Inc.'s Amended and Restated 2022 Omnibus Incentive Plan."
contingent rights financial
"Restricted stock units are contingent rights to receive a share of GPMT common stock on a 1-to-1 basis."
vests financial
"This award vests 33% on each of March 5, 2027, and March 5, 2028, and 34% on March 5, 2029."
FAQ
What insider transaction did Granite Point Mortgage Trust (GPMT) report for Peter M. Morral?
Granite Point Mortgage Trust reported an equity grant to Peter M. Morral. He received 79,496 restricted stock units as compensation, not an open‑market share purchase, under the Amended and Restated 2022 Omnibus Incentive Plan, with vesting spread from 2027 through 2029.
How many restricted stock units did GPMT grant to Peter M. Morral?
Peter M. Morral was granted 79,496 restricted stock units. Each RSU represents a contingent right to receive one share of Granite Point Mortgage Trust common stock, providing long-term equity-based compensation tied directly to the company’s share performance over several future years.
What are the vesting terms of Peter M. Morral’s GPMT RSU award?
The RSU award vests in three annual installments. It vests 33% on March 5, 2027, another 33% on March 5, 2028, and the remaining 34% on March 5, 2029, subject to the conditions in the underlying award agreement.
Does Peter M. Morral’s RSU grant under GPMT require him to pay a purchase price?
No, the RSU grant does not require a cash purchase price. The award was recorded at a transaction price of $0.00 per unit, reflecting a compensation grant where shares, if and when delivered, are earned through continued service and vesting conditions.
What does each restricted stock unit in the GPMT award represent?
Each RSU represents a contingent right to one GPMT common share. Upon vesting and settlement, each unit can deliver one share of Granite Point Mortgage Trust common stock on a 1‑to‑1 basis, aligning executive incentives with shareholder value.