Form 4: Granite Point Mortgage Trust Inc. Executive Stephen Alpart Reports Stock Transactions
SEC Form 4 Filing
Stephen Alpart, Chief Investment Officer of Granite Point Mortgage Trust Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 16, 2025, Stephen Alpart, the Chief Investment Officer of Granite Point Mortgage Trust Inc. (GPMT), had 16,892 restricted stock units vest and convert into common stock.
- Alpart also disposed of 9,518 shares of common stock to cover tax obligations at a price of $2.9 per share.
- Following these transactions, Alpart directly owns 178,887 shares of GPMT common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity related to compensation.
- The transaction has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Reporting person was granted 50,675 restricted stock units under the Granite Point Mortgage Trust Inc. 2017 Equity Incentive Plan. |
| 02/16/2023 | 33% of the restricted stock units granted on February 16, 2022 vested. |
| 02/16/2024 | 33% of the restricted stock units granted on February 16, 2022 vested. |
| 02/16/2025 | Vesting of 16,892 restricted stock units and disposition of 9,518 shares for tax withholding. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
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