Director at Northpointe Bancshares (NPB) receives 2,606 RSU award in amended Form 4
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Northpointe Bancshares director John Robert Tuttle received a grant of 2,606 restricted stock units. These RSUs convert into common stock on a one-for-one basis and vest in a single annual installment on May 13, 2027. Following this compensation-related award, Tuttle holds 2,606 RSUs directly. The amended Form 4 was filed only to correct the vesting schedule previously described for this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tuttle John Robert
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 2,606 | $0.00 | -- |
Holdings After Transaction:
Restricted stock units — 2,606 shares (Direct, null)
Footnotes (1)
- Restricted stock units ("RSUs") convert into shares of the issuer's common stock on a one-for-one basis. The RSUs vest in one annual installment on May 13, 2027. This amendment is being filed solely to correct the vesting schedule of the RSUs, which was inadvertently described incorrectly in the original Form 4.
Key Figures
RSUs granted: 2,606 units
RSU conversion ratio: 1 RSU = 1 share
Vesting date: May 13, 2027
+2 more
5 metrics
RSUs granted
2,606 units
Grant to director John Robert Tuttle
RSU conversion ratio
1 RSU = 1 share
RSUs convert into common stock on a one-for-one basis
Vesting date
May 13, 2027
RSUs vest in one annual installment
Post-transaction RSU holdings
2,606 units
Total RSUs held directly after grant
Transaction price per unit
$0.0000
Compensation grant, not open-market purchase
Key Terms
Restricted stock units, RSUs, Form 4, vest, +1 more
5 terms
Restricted stock units financial
"Restricted stock units ("RSUs") convert into shares of the issuer's common stock"
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.
RSUs financial
"The RSUs vest in one annual installment on May 13, 2027."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Form 4 regulatory
"inadvertently described incorrectly in the original Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
vest financial
"The RSUs vest in one annual installment on May 13, 2027."
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.
one-for-one basis financial
"RSUs convert into shares of the issuer's common stock on a one-for-one basis."
