Granite Point awards 79,496 RSUs to CDO Morral
Morral Peter M. reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 79,496 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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 contingent rights to receive a share of GPMT common stock on a 1-to-1 basis. This award vests 33% on each of March 5, 2027, and March 5, 2028, and 34% on March 5, 2029, subject to the terms and conditions contained in the award agreement.
Key Figures
Key Terms
Restricted Stock Units financial
Amended and Restated 2022 Omnibus Incentive Plan financial
contingent rights financial
vests financial
FAQ
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What insider transaction did Granite Point Mortgage Trust (GPMT) report for Peter M. Morral?
How many restricted stock units did GPMT grant to Peter M. Morral?
What are the vesting terms of Peter M. Morral’s GPMT RSU award?
Does Peter M. Morral’s RSU grant under GPMT require him to pay a purchase price?
What does each restricted stock unit in the GPMT award represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.