Comps Kevin J 4
Research Summary
AI-generated summary
Northpointe (NPB) President Kevin J. Comps Receives 9,333 RSUs
What Happened
- Kevin J. Comps, President & Secretary of Northpointe Bancshares, reported that 9,333 restricted stock units (RSUs) vested and converted into 9,333 shares on April 1, 2026.
- To satisfy tax withholding, 4,017 of those shares were withheld/disposed at an implied value of $17.26 per share, totaling $69,333. Net shares added = 9,333 acquired − 4,017 withheld = 5,316 shares.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely).
- Conversion entries shown as "M" (exercise/conversion of derivative) at $0.00 per share for 9,333 shares (RSU conversion).
- Withholding shown as "F" (payment of exercise price or tax liability) — 4,017 shares disposed at $17.26, value $69,333.
- Footnotes: F1 = RSUs convert one-for-one into common stock; F2 = 9,333 RSUs vested on April 1, 2026.
- Shares owned after the transaction are not specified in the provided summary filing.
Context
- This was a routine compensation event: RSUs vested and were converted into shares, with a portion withheld to cover taxes (not an open-market sale). Such withholding transactions are common and reflect payroll/tax processing rather than a discretionary sale by the insider.