Northpointe director granted 2,606 RSUs
Northpointe Bancshares Inc. director Rajeev Kumar Chaudhary reported an award of 2,606 restricted stock units as equity compensation.
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Form Type
4/A
Rhea-AI Filing Summary
Northpointe Bancshares Inc. director Rajeev Kumar Chaudhary reported an award of 2,606 restricted stock units as equity compensation. Each RSU converts into one share of common stock and the units vest in a single installment on May 13, 2027. This Form 4/A is an amendment that corrects the vesting schedule previously described, without changing the size or nature of the original grant.
Insider Trade Summary
Grant/Award: 2,606 shares
Grant/Award
1 txn
Insider
Chaudhary Rajeev Kumar
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)
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
RSUs granted: 2,606 units
Grant price: $0.0000 per unit
Post-transaction RSU holdings: 2,606 units
+2 more
5 metrics
RSUs granted
2,606 units
Grant of restricted stock units to director on May 13, 2026
Grant price
$0.0000 per unit
Equity compensation award, not open-market purchase
Post-transaction RSU holdings
2,606 units
Total restricted stock units following the grant
Conversion ratio
1 RSU : 1 share
Each restricted stock unit converts into one common share
Vesting date
May 13, 2027
RSUs vest in one annual installment on this date
Key Terms
Restricted stock units, RSUs, Form 4/A, vesting schedule
4 terms
Restricted stock units financial
"Restricted stock units 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/A regulatory
"This amendment is being filed solely to correct the vesting schedule of the RSUs"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
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 Northpointe (NPB) director receive?
The director received 2,606 restricted stock units tied to Northpointe common stock. Following this grant, his reported derivative holdings related to this award total 2,606 units, reflecting the full grant amount as of the transaction date disclosed in the filing.
When do the Northpointe (NPB) RSUs granted to the director vest?
The restricted stock units vest in one annual installment on May 13, 2027. Once vested, each unit converts into one share of Northpointe Bancshares common stock, assuming the director continues to meet any applicable service conditions through the vesting date.
What does this Form 4/A amendment change for Northpointe (NPB)?
The amendment corrects the vesting schedule for the director’s restricted stock units. The filing states the RSUs were originally described with an incorrect vesting timeline, and this Form 4/A clarifies they vest fully on May 13, 2027, without altering the award size.
Is the Northpointe (NPB) RSU transaction an open-market stock purchase?
No, this transaction is a compensation-related grant, not an open-market purchase. The filing classifies it as a grant or award acquisition with a zero dollar price per unit, reflecting equity compensation rather than a cash-funded stock buy on the open market.
How do the Northpointe (NPB) RSUs convert into common stock for the director?
According to the filing footnotes, each restricted stock unit converts into one share of Northpointe common stock. Conversion occurs after the RSUs vest on May 13, 2027, meaning the director receives 2,606 shares upon vesting, assuming the award remains outstanding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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