Granite Point Mortgage Trust Inc. 8-K

What Happened Granite Point Mortgage Trust Inc. (GPMT) filed an 8‑K on June 5, 2026 disclosing that on June 4, 2026 the Board adopted a revised Director Compensation Policy and reporting the results of the Company’s June 4, 2026 Annual Meeting of Stockholders. The Board changed how directors are paid — splitting prior equity-only awards into a smaller RSU grant plus a new long‑term cash award — effective immediately. At the Annual Meeting all seven board nominees were elected, the advisory vote on executive compensation was approved, and Ernst & Young LLP was ratified as independent auditor.

Key Details

• Director pay (effective June 4, 2026): independent directors receive an annual cash retainer of $100,000 ($160,000 for the Chair), plus an RSU award worth $50,000 ($80,000 for the Chair) at the start of each Board term (1‑year vest), and a long‑term cash award of $50,000 ($80,000 for the Chair) at the start of each Board term (1‑year vest). Committee chair/member supplements also apply.
• Change vs. prior policy: previously directors received the same cash retainers and a $100,000 RSU award ($160,000 for Chair) with no long‑term cash award; the Board split that RSU amount between RSUs and cash to limit equity dilution.
• Annual Meeting voting and attendance: record date shares outstanding 47,919,625; 34,123,267 shares represented (quorum). All seven nominees were elected (e.g., John A. Taylor — 19,238,468 for; Hope B. Woodhouse — 18,010,372 for). Advisory "say‑on‑pay" passed (For: 17,500,001; Against: 2,152,885). Ernst & Young ratified as auditor (For: 33,290,665).

Why It Matters The compensation change reduces future equity dilution by replacing part of the RSU grants with a cash award while increasing the cash component of director pay, which can modestly raise annual governance expenses. For investors, the Annual Meeting results signal continuity in board composition and management oversight (all directors re‑elected), shareholder support for executive pay (advisory approval), and continued engagement with Ernst & Young as auditor. The filing contains the full Director Compensation Policy as an exhibit for exact terms.