Morral Peter M. 4
4 · Granite Point Mortgage Trust Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Granite Point (GPMT) CDO Peter Morral Exercises RSUs; Shares Withheld
What Happened
Peter M. Morral, Chief Development Officer of Granite Point Mortgage Trust (GPMT), had restricted stock units (RSUs) vest and converted into common shares on Feb 27, 2026 and Mar 1, 2026. In total 90,421 RSUs converted into common stock (36,656 + 18,898 + 34,867). To satisfy tax withholding obligations, 48,050 shares were withheld (30,251 on Feb 27 and 17,799 on Mar 1) at an indicated per-share withholding value of $1.74, totaling $83,607. The derivative entries show $0 exercise price, consistent with RSU conversions (no cash exercise price).
Key Details
- Transaction dates: Feb 27, 2026 and Mar 1, 2026; Form 4 filed Mar 2, 2026 (no late‑filing flag noted).
- Converted (M): 36,656; 18,898; 34,867 — total 90,421 RSUs converted to common stock.
- Withheld for taxes (F): 30,251 and 17,799 shares — total 48,050 shares withheld; withholding value reported $1.74/share, total ~$83,607.
- Exercise/derivative entries reflect $0 exercise price (typical of RSU vesting).
- Footnotes: RSUs convert 1-for-1; prior transfer of 15,015 shares to ex‑spouse noted; RSU grants and vesting schedules referenced (grants in 2024, 2025 with 33%/33%/34% vesting).
- Shares owned after the transactions are not specified in the provided filing excerpt.
Context
These transactions reflect routine RSU vesting and tax withholding (a cashless settlement), not an open‑market buy or discretionary sale by the officer. For retail investors, vested RSUs converted to shares are compensation-related and do not necessarily signal a change in insider sentiment. The F code indicates tax withholding rather than a voluntary sale to raise cash.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-27+36,656→ 122,655 total - Exercise/Conversion
Common Stock
[F1]2026-02-27+18,898→ 141,553 total - Tax Payment
Common Stock
2026-02-27$1.74/sh−30,251$52,637→ 111,302 total - Exercise/Conversion
Common Stock
[F1]2026-03-01+34,867→ 146,169 total - Tax Payment
Common Stock
2026-03-01$1.74/sh−17,799$30,970→ 128,370 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-27−36,656→ 73,314 totalExercise: $0.00Exp: 2028-02-27→ Common Stock (36,656 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-27−18,898→ 37,798 totalExercise: $0.00Exp: 2028-02-27→ Common Stock (18,898 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-01−34,867→ 34,868 totalExercise: $0.00Exp: 2027-03-01→ Common Stock (34,867 underlying)
Footnotes (5)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Prior to the date of the reporting person's last ownership report, he transferred 15,015 shares of Granite Point Mortgage Trust Inc. Common Stock to his ex-spouse pursuant to a domestic relations order.
- [F3]On February 27, 2025, the reporting person was granted 109,970 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.
- [F4]On June 5, 2025, the reporting person was granted 56,696 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.
- [F5]On March 1, 2024, the reporting person was granted 104,602 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.