Northpointe Bancshares (NPB) director awarded 2,606 restricted stock units vesting through 2029
Rhea-AI Filing Summary
Tuttle John Robert reported acquisition or exercise transactions in this Form 4 filing.
Northpointe Bancshares Inc. director John Robert Tuttle received a grant of 2,606 restricted stock units (RSUs). These RSUs represent potential shares of common stock on a one-for-one basis. The award vests in three approximately equal annual installments on May 13, 2027, 2028 and 2029, encouraging longer-term alignment with shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tuttle John Robert
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 shares (Direct)
Footnotes (2)
- 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 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
Grant price: $0.0000 per unit
+1 more
4 metrics
RSUs granted
2,606 units
Restricted stock units awarded on May 13, 2026
Underlying common shares
2,606 shares
One-for-one conversion into common stock
Grant price
$0.0000 per unit
Compensation award, not open-market purchase
Post-transaction derivative holdings
2,606 RSUs
Total RSUs following the transaction
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"
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"
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"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How many restricted stock units did the NPB director receive in this Form 4?
The director received 2,606 restricted stock units in this transaction. Each RSU is linked to one share of Northpointe Bancshares common stock, providing potential equity ownership as the units vest over time under the award’s schedule.
Do the RSUs reported for NPB’s director convert into common stock?
Yes, the restricted stock units convert into shares of Northpointe Bancshares common stock on a one-for-one basis. As each installment vests, the director becomes entitled to receive an equivalent number of common shares under the award terms.
Was there any purchase price for the RSUs granted to the NPB director?
The RSUs were granted with a transaction price per unit of $0.0000. This reflects that they are compensation awards rather than open-market purchases, with value delivered through future vesting into common stock if service conditions are met.