Lebowitz Ethan 4

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.