Karber Michael J. 4
4 · Granite Point Mortgage Trust Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
GPMT General Counsel Michael Karber Receives RSU Shares
What Happened
Michael J. Karber, General Counsel and Secretary of Granite Point Mortgage Trust (GPMT), had restricted stock units convert into 60,207 shares of common stock on Feb 27 and Mar 1, 2026 (one-for-one). To satisfy tax withholding, 32,683 of those shares were surrendered at $1.74 per share (totaling about $56,869), leaving a net issuance of 27,524 shares to Mr. Karber. This was a settlement of prior RSU awards (not an open‑market purchase or sale).
Key Details
- Transaction dates: Feb 27, 2026 and Mar 1, 2026; Form 4 filed Mar 2, 2026 (appears to be filed within the required reporting window).
- Conversion (code M): 24,887; 12,831; and 22,489 shares converted (total 60,207 shares).
- Tax withholding (code F): 20,555 and 12,128 shares withheld at $1.74/share (total withheld 32,683 shares ≈ $56,869).
- Net shares issued to insider: 60,207 − 32,683 = 27,524 shares.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 confirms RSUs convert one-for-one to common stock. F2–F4 describe the original RSU grants (grant dates and vesting schedules) that gave rise to these vesting/conversion events.
- This was a vesting/settlement and tax-withholding event (routine), not a market sale or purchase.
Context
These filings reflect scheduled vesting and conversion of RSU awards granted in 2024–2025 (per footnotes), with shares withheld to cover taxes (share surrender), not open-market sale. For retail investors, such conversions are routine compensation settlements and do not necessarily signal insider sentiment about the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-27+24,887→ 109,185 total - Exercise/Conversion
Common Stock
[F1]2026-02-27+12,831→ 122,016 total - Tax Payment
Common Stock
2026-02-27$1.74/sh−20,555$35,766→ 101,461 total - Exercise/Conversion
Common Stock
[F1]2026-03-01+22,489→ 123,950 total - Tax Payment
Common Stock
2026-03-01$1.74/sh−12,128$21,103→ 111,822 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-27−24,887→ 49,776 totalExercise: $0.00Exp: 2028-02-27→ Common Stock (24,887 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-27−12,831→ 25,663 totalExercise: $0.00Exp: 2028-02-27→ Common Stock (12,831 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-01−22,489→ 22,490 totalExercise: $0.00Exp: 2027-03-01→ Common Stock (22,489 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On February 27, 2025, the reporting person was granted 74,663 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date.
- [F3]On June 5, 2025, the reporting person was granted 38,494 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date.
- [F4]On March 1, 2024, the reporting person was granted 67,468 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 1, 2025, and March 1, 2026, and 34% on March 1, 2027, subject to continued service with GPMT through the applicable vesting date.