Lebowitz Ethan 4

What Happened

• Ethan Lebowitz, Chief Operating Officer of Granite Point Mortgage Trust Inc. (GPMT), was granted 63,796 restricted stock units (RSUs) on March 5, 2026. The RSUs were reported as a derivative acquisition (grant) at $0.00 per share (award). This is a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-05; Filing date (Form 4): 2026-04-08 (filed late relative to the usual two-business-day rule).
• Award: 63,796 RSUs; acquisition price reported as $0.00 (typical for compensation awards).
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs are contingent rights to receive common stock 1-for-1. Vesting schedule — 33% on March 5, 2027; 33% on March 5, 2028; 34% on March 5, 2029 (per award agreement).
• Transaction code: A = Award/Grant; classification: derivative security (RSU).

Context

• RSUs are deferred compensation: they convert to actual shares only when vested (no immediate transferable shares were received on grant). The economic value depends on GPMT’s stock price at each vest date.
• This is a routine executive compensation grant and does not indicate a direct purchase (bullish) or sale. The late filing is a timing/technical issue — investors should note it but not infer intent from timing alone.