Director at Northpointe Bancshares (NPB) receives 2,606 restricted stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northpointe Bancshares Inc. director Rodney E. Hood received a grant of 2,606 restricted stock units (RSUs). These RSUs are a form of equity compensation that convert into shares of the company’s common stock on a one-for-one basis.
The 2,606 RSUs vest in three approximately equal annual installments on each of May 13, 2027, May 13, 2028, and May 13, 2029, subject to the applicable award terms. Following this grant, Hood holds 2,606 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hood Rodney E.
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
Grant price per RSU: $0.00
Underlying common shares: 2,606 shares
+3 more
6 metrics
RSUs granted
2,606 units
Grant to director Rodney E. Hood
Grant price per RSU
$0.00
Equity award, non-cash grant
Underlying common shares
2,606 shares
One-for-one RSU to common stock conversion
Post-grant RSU holdings
2,606 units
Total RSUs following the reported transaction
Vesting schedule start
May 13, 2027
First of three approximately equal annual installments
Vesting schedule end
May 13, 2029
Final annual installment of RSU vesting
Key Terms
Restricted stock units, RSUs, vest
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.
vest financial
"The RSUs vest in three approximately equal annual installments on each of May 13, 2027, 2028 and 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.