Granite Point (NYSE: GPMT) director gains 40,846 shares as RSUs vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Granite Point Mortgage Trust director Patrick Gregory Halter increased his direct common stock holdings through an RSU vesting. On June 5, 2026, he exercised 40,846 restricted stock units, which converted into 40,846 shares of common stock on a one-for-one basis.
These restricted stock units were originally granted on June 5, 2025 under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan and vested in full on the first anniversary of the grant date. Following the conversion, Halter directly holds 135,209 shares of Granite Point Mortgage Trust common stock, and this RSU award has been fully settled.
Positive
- None.
Negative
- None.
Insider Trade Summary
40,846 shares exercised/converted
Mixed
2 txns
Insider
Halter Patrick Gregory
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 40,846 | $0.00 | -- |
| Exercise | Common Stock | 40,846 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 135,209 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On June 5, 2025, the reporting person was granted 40,846 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, which vested in full on the first anniversary of the grant date.
Key Figures
RSUs exercised: 40,846 units
Common shares acquired: 40,846 shares
Post-transaction holdings: 135,209 shares
+2 more
5 metrics
RSUs exercised
40,846 units
Restricted stock units converted to common stock on June 5, 2026
Common shares acquired
40,846 shares
Shares received from one-for-one RSU conversion
Post-transaction holdings
135,209 shares
Director’s direct Granite Point common stock after RSU conversion
RSU grant date
June 5, 2025
Grant of 40,846 restricted stock units under 2022 Omnibus Incentive Plan
RSU vesting
First anniversary
RSUs vested in full on first anniversary of June 5, 2025 grant
Key Terms
Restricted Stock Units, one-for-one basis, Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, Form 4
4 terms
Restricted Stock Units financial
"The reporting person was granted 40,846 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan."
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.
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan financial
"Granted 40,846 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan."
Form 4 regulatory
"Insider filing data (Form 4) shows Patrick Gregory Halter’s RSU exercise and resulting common stock holdings."
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.
FAQ
What did Granite Point Mortgage Trust (GPMT) director Patrick Halter report on this Form 4?
Director Patrick Gregory Halter reported exercising 40,846 restricted stock units into common stock. The RSUs converted on a one-for-one basis, increasing his direct common stock ownership to 135,209 shares after the transaction.
What happened to Patrick Halter’s restricted stock units in Granite Point Mortgage Trust (GPMT)?
Halter’s 40,846 restricted stock units vested and were fully converted into 40,846 common shares. After this exercise, the reported balance of these specific restricted stock units is zero, indicating the award has been completely settled.
When were Patrick Halter’s Granite Point Mortgage Trust (GPMT) RSUs granted and when did they vest?
The 40,846 restricted stock units were granted on June 5, 2025 under the company’s 2022 Omnibus Incentive Plan. They vested in full on the first anniversary of the grant date, triggering conversion into common shares on June 5, 2026.