Comps Kevin J 4

What Happened Kevin J. Comps, President & Secretary of Northpointe Bancshares, was granted 28,000 restricted stock units (RSUs) on April 1, 2026. The Form 4 reports the acquisition as a derivative award (transaction code A) with an acquisition price of $0.00; the RSUs convert one-for-one into common shares when vested.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-06-05 (filed late relative to the transaction date).
• Reported transaction: 28,000 RSUs granted (derivative award), acquisition price reported as $0.00.
• Vesting: RSUs vest in three approximately equal annual installments on April 1, 2027, 2028 and 2029 (footnote).
• Conversion: RSUs convert into common stock on a one-for-one basis (footnote).
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Late filing may reduce transparency and can draw regulatory attention; the filing lists the transaction date as Apr 1 and was submitted on Jun 5.

Context RSU grants are a common form of executive compensation and represent future equity subject to vesting rather than an immediate purchase or sale. Because these are awards (not open-market purchases), they don't directly signal the insider buying or selling shares today; the economic interest materializes as the RSUs vest and convert to common stock.