Northpointe Bancshares director granted 2,606 RSUs
NORTHPOINTE BANCSHARES INC director Robert W. De Vlieger II received 2,606 restricted stock units (RSUs) as equity compensation.
Accepted by SEC EDGAR
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Form Type
4/A
Rhea-AI Filing Summary
NORTHPOINTE BANCSHARES INC director Robert W. De Vlieger II received 2,606 restricted stock units (RSUs) as equity compensation. The RSUs convert into common stock on a one-for-one basis and vest in a single installment on May 13, 2027. After this award, he holds 2,606 RSUs directly. This Form 4 amendment is being filed solely to correct the vesting schedule disclosure from the original filing.
Insider Trade Summary
Grant/Award: 2,606 shares
Grant/Award
1 txn
Insider
De Vlieger Robert W II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 2,606 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted stock units — 2,606 contracts (Direct)
Holdings Before and After:
Restricted stock units, 0 to 2,606 contracts (Direct)
Footnotes (3)
- F1. Restricted stock units ("RSUs") convert into shares of the issuer's common stock on a one-for-one basis.
- F2. The RSUs vest in one annual installment on May 13, 2027.
- F3. 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
RSU grant size: 2,606 restricted stock units
Underlying common shares: 2,606 shares
Post-transaction RSU holdings: 2,606 units
+1 more
4 metrics
RSU grant size
2,606 restricted stock units
Award to director on May 13, 2026
Underlying common shares
2,606 shares
One-for-one RSU to common stock conversion
Post-transaction RSU holdings
2,606 units
Total RSUs following reported grant
Vesting date
May 13, 2027
Single annual installment vesting for RSUs
Key Terms
Restricted stock units, RSUs, Form 4, vesting schedule
4 terms
Restricted stock units financial
"Restricted stock units ("RSUs") convert into shares of the issuer's common stock on a one-for-one basis."
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.
vesting schedule financial
"correct the vesting schedule of the RSUs, which was inadvertently described incorrectly"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many restricted stock units did the NPB director receive in this filing?
The director received 2,606 restricted stock units. These RSUs represent a right to receive 2,606 shares of NORTHPOINTE BANCSHARES common stock on a one-for-one basis when the units vest under the award terms.
What is the purpose of this amended Form 4/A for NPB?
The amendment corrects the vesting schedule previously described for the RSUs. The original Form 4 inadvertently reported the vesting terms incorrectly, and this amendment clarifies the award vests fully on May 13, 2027.
Does the NPB director hold the RSUs directly or indirectly after this transaction?
The director holds 2,606 restricted stock units directly following this transaction. The filing lists the ownership type as direct, meaning the award is attributed personally rather than through an intermediate entity such as a trust or partnership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
