Hurley Dianne 4
Research Summary
AI-generated summary
TPG Mortgage (MITT) Director Dianne Hurley Receives Award
What Happened
- Dianne Hurley, a director of TPG Mortgage Investment Trust (MITT), received a grant of 2,777 restricted shares on 2026-04-01. The Form 4 reports an acquisition price of $0.00, indicating these shares were granted as compensation rather than purchased.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares granted: 2,777; reported acquisition price: $0.00 (total reported value $0).
- Shares owned after transaction: not specified in the filing.
- Footnote: Shares were granted under the issuer's independent director compensation policy. They are fully vested but may not be sold or transferred while Hurley serves on the Board.
- Reporting status: Director (not a 10% owner); no 10b5-1 plan or sale reported.
Context
- This is a non-cash director compensation award and does not represent an open-market purchase or sale. Such grants are common for independent directors and reflect compensation rather than a direct vote of confidence via personal cash investment. The restriction on transfer during board service means these shares are effectively locked while she remains a director.