Northpointe (NPB) chief converts 9,333 RSUs, 4,017 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northpointe Bancshares Inc. president and secretary Kevin J. Comps exercised restricted stock units into common shares as part of equity compensation. On April 1, 2026, 9,333 RSUs vested and converted one-for-one into 9,333 common shares. Of these, 4,017 common shares were disposed of at $17.26 per share to cover tax obligations, which is a tax-withholding mechanism rather than an open-market sale. Following these transactions, he holds 51,268 common shares directly and 7,396 common shares indirectly through a 401(k) plan. No remaining derivative securities are shown after this RSU conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,333 shares exercised/converted
Mixed
4 txns
Insider
Comps Kevin J
Role
PRESIDENT & SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted stock units | 9,333 | $0.00 | -- |
| Exercise | Common Stock | 9,333 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,017 | $17.26 | $69K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted stock units — 18,667 shares (Direct);
Common Stock — 55,285 shares (Direct);
Common Stock — 7,396 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Restricted stock units ("RSUs") convert into shares of the issuer's common stock on a one-for-one basis. The RSUs vested as to 9,333 shares on April 1, 2026.
Key Figures
RSUs vested and converted: 9,333 units/shares
Shares withheld for taxes: 4,017 shares at $17.26
Direct common shares after transaction: 51,268 shares
+2 more
5 metrics
RSUs vested and converted
9,333 units/shares
RSUs vesting and conversion on April 1, 2026
Shares withheld for taxes
4,017 shares at $17.26
Tax-withholding disposition on April 1, 2026
Direct common shares after transaction
51,268 shares
Direct ownership following Form 4 transactions
Indirect 401(k) holdings
7,396 shares
Indirect ownership via 401(k) plan
Remaining RSUs after vesting
18,667 units
Restricted stock unit balance following conversion of 9,333 units
Key Terms
Restricted stock units, tax-withholding disposition, derivative security, 401(k) Plan, +1 more
5 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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
401(k) Plan financial
"Common Stock held indirectly, nature of ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
exercise or conversion financial
"transaction_action: derivative exercise/conversion"
