Rodney Hood (NPB) amends Form 4 to confirm 2,606 RSU grant vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Northpointe Bancshares director Rodney E. Hood reported an amended Form 4 reflecting a grant of 2,606 restricted stock units. These RSUs convert into an equal number of common shares on a one-for-one basis and vest in a single installment on May 13, 2027. The amendment corrects the vesting schedule previously described in the original Form 4, without changing the underlying award amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hood Rodney E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 2,606 | $0.00 | -- |
Holdings After Transaction:
Restricted stock units — 2,606 shares (Direct)
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
Underlying common shares: 2,606 shares
Vesting date: May 13, 2027
+2 more
5 metrics
RSUs granted
2,606 units
Restricted stock unit award to director on May 13, 2026
Underlying common shares
2,606 shares
One-for-one RSU conversion into common stock
Vesting date
May 13, 2027
RSUs vest in one annual installment
RSU grant price
$0.00 per unit
Compensation grant, not an open-market purchase
Derivative holdings after grant
2,606 RSUs
Total restricted stock units following transaction
Key Terms
Restricted stock units, RSUs, Form 4, vesting schedule, +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
"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
"to 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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
How many restricted stock units did Rodney E. Hood receive from NPB?
Rodney E. Hood received 2,606 restricted stock units from Northpointe Bancshares. Each restricted stock unit converts into one share of the company’s common stock upon settlement, giving him rights tied to 2,606 underlying common shares.