NORTHPOINTE BANCSHARES INC·4/A

Jun 18, 4:04 PM ET

Lawrence David F. 4/A

Research Summary

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Northpointe (NPB) Director Lawrence David Receives RSU Award

What Happened

  • Lawrence David, a director of Northpointe Bancshares, received a grant of 2,606 restricted stock units (RSUs) on May 13, 2026. The RSUs are reported as a derivative award at $0.00 per share (total reported value $0 because this is an equity award, not a cash purchase or sale). This transaction is an award/grant (Form 4 code A), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-05-13; reported via an amended Form 4 filed 2026-06-18 to correct the vesting schedule.
  • Grant: 2,606 RSUs; reported price $0.00 (award).
  • Vesting: RSUs convert one-for-one into common shares and vest in one annual installment on May 13, 2027 (Footnotes F1–F2).
  • Amendment note: The filing was amended solely to correct an earlier, incorrect description of the RSU vesting schedule (Footnote F3).
  • Shares owned after the transaction: not specified in the information provided.

Context

  • RSUs are a form of deferred equity that convert to actual shares when they vest; they are not an immediate market purchase or sale and do not by themselves signal a buy or sell decision. The amendment clarifies timing of when these units will convert to shares (May 13, 2027).