Northpointe Bancshares (NPB) director granted 2,606 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northpointe Bancshares director Rajeev Kumar Chaudhary received a grant of 2,606 restricted stock units (RSUs). These RSUs convert into 2,606 shares of Northpointe Bancshares common stock on a one-for-one basis.
The RSUs vest in three approximately equal annual installments on May 13 of 2027, 2028 and 2029. This is a compensation-related equity award rather than an open-market share purchase or sale, and following this grant he holds 2,606 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chaudhary Rajeev Kumar
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 three approximately equal annual installments on each of May 13, 2027, 2028 and 2029.
Key Figures
RSUs granted: 2,606 units
Underlying common shares: 2,606 shares
Vesting schedule: 3 annual installments
+1 more
4 metrics
RSUs granted
2,606 units
Restricted stock units granted on May 13, 2026
Underlying common shares
2,606 shares
One-for-one conversion into common stock
Vesting schedule
3 annual installments
Vesting on May 13, 2027, 2028 and 2029
Post-grant RSU holdings
2,606 units
Total RSUs following this transaction
Key Terms
Restricted stock units, RSUs, Grant, award, or other acquisition
3 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 three approximately equal annual installments on each of May 13, 2027, 2028 and 2029."
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
How many restricted stock units were granted to the NPB director?
The director received 2,606 restricted stock units. Each RSU represents the right to receive one share of Northpointe Bancshares common stock, subject to vesting conditions over several years as described in the filing’s footnotes.