Chaudhary Rajeev Kumar 4/A
Research Summary
AI-generated summary
Northpointe (NPB) Director Chaudhary Rajeev Kumar Receives RSU Award
What Happened
Chaudhary Rajeev Kumar, a director of Northpointe Bancshares, was granted 2,606 restricted stock units (RSUs) on May 13, 2026. The award is recorded as a derivative acquisition at $0.00 (an equity award rather than a cash purchase); no immediate cash changed hands.
Key Details
- Transaction date and type: 2026-05-13 — Grant/award of 2,606 RSUs (derivative, reported at $0.00).
- Shares owned after transaction: Not disclosed in this filing.
- Vesting and conversion: RSUs convert one-for-one into common shares (Footnote F1) and vest in one annual installment on May 13, 2027 (Footnote F2).
- Amendment: This is an amended Form 4 filed June 18, 2026 to correct the previously misstated vesting schedule (Footnote F3).
- Filing timeliness: The filing is an amendment; it corrects prior disclosure but does not itself change the nature of the award.
Context
RSUs are a form of compensation that convert into actual shares only when they vest; this grant does not represent an immediate market purchase or sale. For retail investors, such awards indicate executive/director compensation but are not the same signal as an outright purchase of shares by an insider.