Granite Point Awards RSUs to Executives for Talent Retention

Granite Point Mortgage (GPMT) has issued an announcement.

Granite Point Mortgage Trust Inc. has awarded restricted stock units (RSUs) to key executives and employees as part of its 2022 Omnibus Incentive Plan, aiming to align their interests with stockholders and retain top talent amid challenges in the commercial real estate sector. The RSUs, totaling 1,325,319, will vest on the third anniversary of the grant date. This move follows a comprehensive review by the Compensation Committee, assisted by an independent consultant, to ensure competitive compensation for its executives.

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