Northpointe (NPB) Director Robert De Vlieger Receives RSU Award

What Happened

• Robert W. De Vlieger II, a director of Northpointe Bancshares, was granted 2,606 restricted stock units (RSUs) on May 13, 2026. The grant is recorded as a derivative award at $0.00 per share (no cash purchase). The RSUs will convert into common shares on a one-for-one basis when they vest.

Key Details

• Transaction date: 2026-05-13 (reported via an amended Form 4 filed 2026-06-18).
• Transaction type/code: Award/Grant (A) of 2,606 RSUs at $0.00.
• Vesting: RSUs vest in one annual installment on May 13, 2027 (amendment corrects the previously misstated vesting schedule).
• Conversion: Each RSU converts into one share of common stock upon vesting (footnote).
• Shares owned after transaction: Not specified in this amended filing.
• Filing note: This is an amended Form 4 filed to correct the vesting schedule; the amendment does not itself indicate a change in the economic terms of the grant.

Context

• RSU grants are compensation awards that only become actual shares upon vesting; they are common for directors and employees and do not necessarily signal immediate buying or selling activity. This grant increases potential future share ownership for the director if the RSUs vest.