Granite Point (GPMT) Director Sheila K. McGrath Receives RSU Award

What Happened Sheila K. McGrath, a director of Granite Point Mortgage Trust, was granted 38,149 restricted stock units (RSUs) on June 4, 2026. The award is recorded as a derivative grant at $0.00 per unit (code A on the Form 4) and does not reflect a cash purchase. The RSUs convert to one share of GPMT common stock per unit upon vesting.

Key Details

• Transaction date: June 4, 2026; transaction type: Award/Grant (RSUs), price reported $0.00.
• Units granted: 38,149 restricted stock units.
• Vesting: Single tranche vesting on June 4, 2027, subject to continued service with GPMT (see footnote F1).
• Plan: Issued under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing timeliness: No late filing indicated in the provided data.

Context RSUs are compensation awards that represent a contingent right to receive shares (1-for-1) when they vest; they are not an immediate purchase or sale of stock. Such grants are common for directors and employees and should be viewed as compensation rather than a direct market signal.