ALPART STEPHEN 4

What Happened

• Stephen Alpart, Chief Investment Officer of Granite Point Mortgage Trust Inc. (GPMT), had 7,142 performance-based share units settled to him on March 5, 2026 (reported as an award/acquisition). Per the Form 4 the shares were acquired at $0.00 (award/settlement).
• To cover tax withholding, 3,645 shares were surrendered/withheld (code F) at $1.75 per share, totaling $6,379. That leaves a net delivery of 3,497 shares to Alpart (7,142 awarded minus 3,645 withheld).

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 6, 2026 (timely filing).
• Award: 7,142 shares reported as acquired at $0.00 (code A).
• Withholding/tax payment: 3,645 shares disposed at $1.75/share for $6,379 (code F).
• Net shares received: 3,497 (7,142 − 3,645).
• Footnote: These shares were performance stock units granted March 15, 2023; the number earned and settled was determined March 5, 2026 based on company performance for the 2023–2025 performance period.
• Shares owned after the transaction are not specified in the provided filing — see the full Form 4 for total holdings.

Context

• This was a settlement of performance stock units (PSUs), not an open-market purchase or sale. PSUs commonly vest/settle based on multi-year performance and often trigger share-withholding to cover taxes.
• The withholding was for tax liability (routine) and does not necessarily indicate a market-sale decision; it’s a common administrative step when equity awards settle.