TAYLOR JOHN A 4
Research Summary
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Granite Point (GPMT) CEO John Taylor Receives Performance Award, Withholds Shares
What Happened John A. Taylor, President, CEO and a director of Granite Point Mortgage Trust, received an award settlement of 13,392 shares (performance stock units) on March 5, 2026 (reporting code A). To satisfy tax withholding obligations, 7,392 of those shares were withheld/disposed at $1.75 per share for a total of $12,936 (reporting code F). Net shares retained from the settlement: 6,000.
Key Details
- Transaction dates and prices: 2026-03-05 — Award/acquisition (A): 13,392 shares @ $0.00; Tax withholding/disposition (F): 7,392 shares @ $1.75 = $12,936.
- Shares owned after transaction: not stated in the provided filing.
- Footnote: The shares resulted from a performance stock unit award issued March 15, 2023 under the 2022 Omnibus Incentive Plan; the number earned was determined on March 5, 2026 based on company performance for Jan 1, 2023–Dec 31, 2025.
- Filing timeliness: Form 4 filed 2026-03-06 for transactions on 2026-03-05 (filed the next day).
- Transaction codes: A = award/acquisition of settled PSUs; F = shares withheld for tax withholding (not an open-market sale).
Context Performance stock units are earned based on multi-year company performance and are commonly settled in shares. The F-code withholding is routine tax withholding (a cashless method) rather than a discretionary sale, so it should not be read the same as an open-market sale by the insider. Purchases or open-market sales generally carry more interpretive weight for investor sentiment than routine award settlements and tax withholdings.