Granite Point GC exercises 19,213 RSUs
Granite Point Mortgage Trust General Counsel and Secretary Michael J. Karber exercised 19,213 restricted stock units into the same number of common shares on March 15, 2026.
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Rhea-AI Filing Summary
Granite Point Mortgage Trust General Counsel and Secretary Michael J. Karber exercised 19,213 restricted stock units into the same number of common shares on March 15, 2026. To cover tax obligations, 9,452 shares were withheld, leaving him with 123,371 common shares held directly after the transactions.
The RSUs came from a 57,638-unit grant made on March 15, 2023 under the 2022 Omnibus Incentive Plan, which vested in three annual installments, with the final 34% tranche vesting on March 15, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 19,213 | $0.00 | $0.00 |
| Exercise | Common Stock | 19,213 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,452 | $1.57 | $15K |
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On March 15, 2023, the reporting person was granted 57,638 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 15, 2024, and March 15, 2025, and 34% on March 15, 2026, subject to continued service with GPMT through the applicable vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GPMT General Counsel Michael Karber report?
What was the size and structure of Michael Karber’s original GPMT RSU grant?
What does the tax-withholding transaction mean in GPMT’s Form 4 for Michael Karber?
How do the RSUs convert into Granite Point (GPMT) common stock for Michael Karber?
AI-generated analysis. How Rhea-AI works. Not financial advice.