Lawrence David F. 4
Research Summary
AI-generated summary
Northpointe Bancshares (NPB) Director Lawrence David Receives Award
What Happened
Lawrence David F., a director of Northpointe Bancshares, received an award of 2,606 restricted stock units (RSUs) on May 13, 2026. The filing shows the RSUs were granted at a reported price of $0.00 (typical for equity awards where no cash is exchanged at grant); the award is derivative in nature and not an open‑market purchase or sale.
Key Details
- Transaction date: May 13, 2026; Report filed with the SEC on June 17, 2026 (filed late relative to the typical Form 4 reporting window).
- Transaction type/code: A — Award/Grant (derivative RSUs).
- Amount: 2,606 RSUs granted; reported price per unit $0.00 and total reported cash value $0.
- Vesting: RSUs vest in three approximately equal annual installments on May 13 of 2027, 2028 and 2029 (footnote). RSUs convert one‑for‑one into common shares upon vesting (footnote).
- Shares owned after transaction: Not specified in the provided filing details.
- No 10b5‑1 plan, tax withholding, or immediate sale noted in this filing.
Context
RSU grants are compensation awards that convert to shares over time as they vest; they are not the same as an outright purchase or immediate sale. Because these RSUs vest over future dates, they do not represent immediate stock purchases or disposals and should be viewed as compensation rather than a direct market sentiment signal.