Granite Point (GPMT) CFO Blake Receives RSU Award

What Happened
Johnson Blake, Chief Financial Officer of Granite Point Mortgage Trust Inc. (GPMT), received a grant of 58,649 restricted stock units (RSUs) on March 5, 2026. The units were recorded at $0.00 at grant (typical for RSU awards) and are a derivative award representing the right to receive one share of GPMT common stock per unit upon vesting. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: March 5, 2026; reported on Form 4 filed April 8, 2026.
• Transaction type: Award/Grant (derivative RSUs), 58,649 units at $0.00 per unit.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: RSUs issued under the 2022 Omnibus Incentive Plan. Vesting: 33% on March 5, 2027; 33% on March 5, 2028; and 34% on March 5, 2029 (per award agreement).
• Timeliness: The Form 4 was filed more than two business days after the March 5 transaction (filed April 8), so it appears to be a late filing.

Context
RSUs are contingent rights to receive company stock at vesting and do not involve an immediate cash transaction or open-market signal. Grants like this are common for executive compensation; they become economically relevant as they vest and convert into shares (and may be subject to tax withholding or other conditions).