Northpointe Bancshares (NPB) director gets 2,606 RSUs as vesting corrected
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Lawrence David F. reported acquisition or exercise transactions in this Form 4 filing.
Northpointe Bancshares Inc. director David F. Lawrence reported an equity compensation grant. He received 2,606 restricted stock units (RSUs), each convertible into one share of Northpointe common stock.
The RSUs vest in a single annual installment on May 13, 2027. This filing is an amendment that corrects the vesting schedule previously described in the original Form 4, without changing the number of units granted or their basic terms. After this award, Lawrence holds 2,606 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lawrence David F.
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
Underlying common shares: 2,606 shares
Grant price: $0.0000 per unit
+2 more
5 metrics
RSUs granted
2,606 units
Restricted stock units awarded to director on May 13, 2026
Underlying common shares
2,606 shares
Each RSU converts one-for-one into common stock
Grant price
$0.0000 per unit
Non-cash equity compensation award
Post-grant RSU holdings
2,606 units
Total RSUs held directly after this transaction
Vesting date
May 13, 2027
RSUs vest in one annual installment
Key Terms
Restricted stock units, RSUs, Form 4, vesting schedule
4 terms
Restricted stock units financial
"Restricted stock units 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
"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
"This amendment is being filed solely to correct the vesting schedule of the RSUs."
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.
