Granite Point (NYSE: GPMT) CEO logs equity grant and tax share disposition
Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. reported that President and CEO John A. Taylor received an equity award and had shares withheld for taxes. On March 5, 2026, he acquired 13,392 shares of common stock through a grant/award at a stated price of $0.00 per share.
On the same date, 7,392 shares of common stock were disposed of at $1.75 per share to cover tax liabilities by delivering securities. After these transactions, he directly owned 618,461.587 shares of common stock.
A footnote explains that the shares relate to performance stock units granted on March 15, 2023 under the company’s 2022 Omnibus Incentive Plan, with the number of units earned determined based on company performance during the three-year period from January 1, 2023 through December 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,392 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,392 | $1.75 | $13K |
Footnotes (1)
- F1. On March 15, 2023, the reporting person was issued an award of performance stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan. The number of units from the award that were earned and eligible to be settled in shares of common stock was determined on March 5, 2026, based on the company performance against certain present performance measures during the three-year performance period of January 1, 2023, through December 31, 2025.
FAQ
What insider transactions did GPMT President and CEO John A. Taylor report?
What performance period determined the GPMT CEO’s earned stock units?
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