Lebowitz Ethan 4
4 · Granite Point Mortgage Trust Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
GPMT COO Ethan Lebowitz Converts RSUs, Sells Withheld Shares
What Happened Ethan Lebowitz, Chief Operating Officer of Granite Point Mortgage Trust (GPMT), had restricted stock units (RSUs) vest and convert to common shares on Feb 27 and Mar 1, 2026. A total of 47,889 RSUs converted into shares (12,733 + 6,565 on Feb 27; 28,591 on Mar 1). To satisfy tax withholding obligations, 26,027 shares were surrendered (10,488 on Feb 27 and 15,539 on Mar 1) at $1.74 per share, totaling $45,287. After withholding, Lebowitz received a net 21,862 shares.
Key Details
- Transaction dates: Feb 27, 2026 (partial vest conversion and withholding) and Mar 1, 2026 (partial vest conversion and withholding). Filing date: Mar 2, 2026.
- Conversion entries coded M (exercise/conversion of derivative); withholding entries coded F (payment of tax liability via share surrender).
- Withholding price: $1.74 per share; total value withheld = $18,249 (2/27) + $27,038 (3/1) = $45,287.
- Net shares acquired: 21,862 (47,889 converted − 26,027 withheld).
- Shares acquired represent RSU vesting (not an open-market purchase or sale); no indication this filing was late.
Context
- These transactions reflect RSU vesting and a common cashless-like withholding to cover taxes, not a deliberate open-market sale signal. Footnotes indicate the RSUs were granted under GPMT’s 2022 Omnibus Incentive Plan on several dates (Mar 1, 2024; Feb 27, 2025; Jun 5, 2025) with multi-year vesting schedules (generally 33%/33%/34%).
- For retail investors: RSU conversions increase insider shareholdings (after withholding) and are typical compensation events. They do not necessarily indicate the insider’s view of the company’s stock price.
Insider Transaction Report
Form 4
Lebowitz Ethan
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-27+12,733→ 12,733 total - Exercise/Conversion
Common Stock
[F1]2026-02-27+6,565→ 19,298 total - Tax Payment
Common Stock
2026-02-27$1.74/sh−10,488$18,249→ 8,810 total - Exercise/Conversion
Common Stock
[F1]2026-03-01+28,591→ 37,401 total - Tax Payment
Common Stock
2026-03-01$1.74/sh−15,539$27,038→ 21,862 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-27−12,733→ 25,466 totalExercise: $0.00Exp: 2028-02-27→ Common Stock (12,733 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-27−6,565→ 13,130 totalExercise: $0.00Exp: 2028-02-27→ Common Stock (6,565 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-01−28,591→ 28,592 totalExercise: $0.00Exp: 2027-03-01→ Common Stock (28,591 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On February 27, 2025, the reporting person was granted 38,199 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date.
- [F3]On June 5, 2025, the reporting person was granted 19,695 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date.
- [F4]On March 1, 2024, the reporting person was granted 85,774 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 1, 2025, and March 1, 2026, and 34% on March 1, 2027, subject to continued service with GPMT through the applicable vesting date.
Signature
/s/ Michael J. Karber as attorney-in-fact for Ethan Lebowitz|2026-03-02