Director Dianne Hurley receives 12,979-share equity grant at TPG Mortgage (MITT)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hurley Dianne reported acquisition or exercise transactions in this Form 4 filing.
TPG Mortgage Investment Trust director Dianne Hurley received a stock grant of 12,979 common shares as part of independent director compensation. The grant includes 769 fully vested shares that cannot be sold during her board service and 12,210 shares scheduled to vest one year after the grant date. Following this award, she directly holds 72,987 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hurley Dianne
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,979 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 72,987 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Awarded shares: 12,979 shares
Vested shares in grant: 769 shares
Unvested shares in grant: 12,210 shares
+2 more
5 metrics
Awarded shares
12,979 shares
Common Stock grant on 2026-04-29
Vested shares in grant
769 shares
Fully vested but transfer-restricted during board term
Unvested shares in grant
12,210 shares
Scheduled to vest one year after grant date
Total holdings after grant
72,987 shares
Common Stock directly owned following transaction
Grant price
$0.0000 per share
Equity compensation award, not market purchase
Key Terms
independent director compensation policy, fully vested, vest, Grant, award, or other acquisition
4 terms
independent director compensation policy financial
"Shares were granted to the reporting person in accordance with the Issuer's independent director compensation policy."
fully vested financial
"769 shares that are fully vested but may not be sold or transferred"
vest financial
"12,210 shares that will vest on the one-year anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did MITN director Dianne Hurley report?
Director Dianne Hurley reported receiving a grant of 12,979 shares of common stock. This was compensation under the independent director policy, not an open-market purchase. The award increases her direct holdings and reflects standard equity-based board compensation rather than a discretionary trade.
What does the MITN independent director compensation policy provide here?
Under the independent director compensation policy, Hurley received 12,979 common shares as equity compensation. The policy structure includes a small portion of fully vested shares with transfer limits and a larger unvested portion that vests after one year from the grant date.