Form 8-K
8-K — Granite Point Mortgage Trust Inc.
Accession: 0001104659-26-070983
Filed: 2026-06-05
Period: 2026-06-04
CIK: 0001703644
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Submission of Matters to a Vote of Security Holders
Item: Financial Statements and Exhibits
Documents
8-K — tm2616930d1_8k.htm (Primary)
EX-10.1 — EXHIBIT 10.1 (tm2616930d1_ex10-1.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — FORM 8-K
8-K (Primary)
Filename: tm2616930d1_8k.htm · Sequence: 1
false
0001703644
0001703644
2026-06-04
2026-06-04
0001703644
us-gaap:CommonStockMember
2026-06-04
2026-06-04
0001703644
gpmt:SeriesA700percentageFixedtoFloatingRateCumulativeRedeemablePreferredStockparvaluedollar001pershareMember
2026-06-04
2026-06-04
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current
Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): June 4, 2026
Granite Point Mortgage Trust Inc.
(Exact name of registrant as specified in its
charter)
Maryland
001-38124
61-1843143
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
3 Bryant Park, Suite
2400A
New York, NY 10036
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: (212) 364-5500
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
GPMT
NYSE
7.00%
Series A Fixed-to-Floating Rate Cumulative Redeemable
Preferred Stock, par value $0.01
per share
GPMTPrA
NYSE
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 4, 2026, the Board of Directors (the “Board”)
of Granite Point Mortgage Trust Inc. (the “Company”) adopted a revised Director Compensation Policy (the “Policy”),
effective immediately. The Policy provides for cash and equity compensation to be paid to members of the Board for their service on the
Board and its committees. Under the Policy as revised, directors who are independent under the listing standards of the New York Stock
Exchange will receive an annual cash retainer of $100,000 ($160,000 for the Chair), paid quarterly in arrears; a restricted stock unit
(“RSU”) award worth $50,000 ($80,000 for the Chair) at the beginning of each Board term, with a one-year vesting period; and
a long-term cash award of $50,000 ($80,000 for the Chair) at the beginning of each Board term, with a one-year vesting term. The Policy
provides for the payment of additional amounts in cash retainers and RSUs for the Chairs and other members of the Audit Committee, Compensation
Committee, and Nominating and Corporate Governance Committee.
Under the predecessor version of the Policy, the
directors had received the annual cash retainer as detailed above plus an RSU award worth $100,000 ($160,000 for the Chair) at the beginning
of the Board term, but no long-term cash award. The Board decided to split the RSU portion of Board pay equally between RSUs and a long-term
cash award in the revised Policy to limit the dilutive effect of the equity grants to directors. No other material changes were included
in the June 4, 2026, revisions. The foregoing description of the Policy is qualified in its entirety by the terms of the Policy, which
is attached as Exhibit 10.1 hereto and incorporated by reference herein.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its 2026 Annual Meeting of Stockholders
(the “Annual Meeting”) on June 4, 2026, for the purpose of: (i) electing seven directors to serve on the Board until
the 2027 Annual Meeting of Stockholders; (ii) approving on an advisory basis the compensation of the Company’s named executive
officers; and (iii) ratifying the appointment of Ernst & Young LLP as the Company’s independent registered public
accounting firm for the year ending December 31, 2026.
On April 6, 2026, the record date for the
Annual Meeting, there were 47,919,625 shares of the Company’s common stock outstanding and entitled to vote at the Annual Meeting.
There were 34,123,267 shares represented in person or by proxy at the Annual Meeting, constituting a quorum for the transaction of business.
Proposal 1 — Election of Directors
Each of the seven director nominees proposed by
the Board was elected to serve as a director until the Company’s 2027 Annual Meeting of Stockholders, or until his or her successor
is duly elected and qualified. The voting results for each director nominee were as follows:
Nominee
For
Against
Abstain
Broker Non-Votes
Tanuja M. Dehne
18,154,513
1,588,603
1,322,250
13,057,901
Patrick G. Halter
19,172,126
1,591,607
301,633
13,057,901
Stephen G. Kasnet
18,055,156
1,705,297
1,304,913
13,057,901
Sheila K. McGrath
19,195,496
1,618,761
251,109
13,057,901
Lazar Nikolic
19,223,834
1,594,838
246,694
13,057,901
John A. Taylor
19,238,468
1,593,103
233,795
13,057,901
Hope B. Woodhouse
18,010,372
1,738,012
1,316,982
13,057,901
Proposal 2 — Approval of Advisory Vote on Executive Compensation
Stockholders approved the advisory resolution
on the Company’s executive compensation. The proposal received the following final voting results:
For
Against
Abstain
Broker Non-Votes
17,500,001
2,152,885
1,412,480
13,057,901
Proposal 3 — Ratification of Selection of Independent Registered
Public Accounting Firm
Stockholders ratified the appointment of Ernst &
Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026. The proposal
received the following final voting results:
For
Against
Abstain
33,290,665
395,844
436,758
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
10.1
Director Compensation Policy
104
Cover Page Interactive Data File, formatted in Inline XBRL
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 5, 2026
GRANITE POINT MORTGAGE TRUST INC.
By: /s/ MICHAEL J.
KARBER
Michael J. Karber
General Counsel and Secretary
EX-10.1 — EXHIBIT 10.1
EX-10.1
Filename: tm2616930d1_ex10-1.htm · Sequence: 2
Exhibit 10.1
GRANITE POINT MORTGAGE TRUST INC.
DIRECTOR COMPENSATION POLICY
This Director Compensation
Policy (this “Policy”) of Granite Point Mortgage Trust Inc. (the “Company”) sets forth
the compensation payable to the independent directors of the Company for their service as a member of the Board of Directors (the “Board”)
of the Company and committees thereof:
The Company will pay director
fees only to those non-employee members of the Board who are independent (each an “Independent Director”) under
the listing standards of the New York Stock Exchange (the “NYSE”). The Company’s goal is to provide compensation
for its Independent Directors in a manner that enables it to attract and retain outstanding director candidates and reflects the substantial
time commitment necessary to oversee the Company’s affairs. The Company also seeks to align the interests of its Independent Directors
and its stockholders and has chosen to do so by compensating its Independent Directors with a mix of cash and equity-based compensation.
For each one-year term served
on the Board, the Independent Directors will be paid for their service on the Board and its committees through a combination of “Cash
Retainers, “Restricted Stock Units,” and “Long-Term Cash,” as such terms are
described below, in the following amounts:
Cash Retainers
Restricted Stock
Units
Long-Term Cash
Board Service
Independent Chair
$ 160,000
$ 80,000
$ 80,000
Other Directors
$ 100,000
$ 50,000
$ 50,000
Audit Committee Service
Chair
$ 10,000
$ 10,000
—
Other Members
$ 5,000
$ 5,000
—
Compensation Committee Service
Chair
$ 6,250
$ 6,250
—
Other Members
$ 3,750
$ 3,750
—
Nominating and Corporate Governance Committee Service
Chair
$ 6,250
$ 6,250
—
Other Members
$ 3,750
$ 3,750
—
Cash Retainers
The Company shall pay all
Cash Retainers hereunder on a quarterly basis in arrears no later than 30 days after the end of the applicable calendar
quarter, subject to the director’s continued service to the Company as an Independent Director in such positions(s) through the
last day of the preceding quarter. Cash retainers will be prorated in the case of service for less than the entire quarter.
Restricted Stock Units
Each Independent Director
shall receive an annual equity award with a cash value as specified above in the form of Restricted Stock Units (“RSUs”)
under the Company’s Amended and Restated 2022 Omnibus Incentive Plan, or such successor plan as has been approved by the Board and
adopted by the Company’s stockholders (the “Plan”). Unless an Independent Director is appointed to serve
on the Board for a partial term, the RSUs granted hereunder shall have a grant date of the date of the Company’s annual meeting
of stockholders at which such director was elected or re-elected to serve by stockholders. The number of RSUs granted hereunder to an
Independent Director shall be determined by dividing (x) the aggregate cash value of all RSUs applicable to such director for such
period by (y) the closing sale price for the regular trading session (without considering after hours or other trading outside regular
trading session hours) for a share of the Company’s common stock on the NYSE on the date of grant, rounded down to the nearest whole
number.
The RSUs granted to Independent
Directors hereunder shall have a one-year vesting period, subject to continued service through the vesting date, shall include dividend
equivalent rights and shall be subject to the terms and conditions of the Plan and the terms of the applicable restricted stock unit agreement
(the “Award Agreement”) entered into between the Company and each Independent Director in connection with such
equity-based retainers.
If an Independent Director
is appointed to serve on the Board for a partial term, the cash value of the RSUs that such director is eligible to receive hereunder
will be prorated from the date of appointment through the date of the Company’s next annual meeting of stockholders. The RSUs granted
with respect thereto shall be granted on the date such director joins the Board, shall vest on the first anniversary of the Company’s
immediately preceding annual meeting of stockholders, subject to continued service on the Board through such vesting date, shall include
dividend equivalent rights and shall be subject to the terms and conditions of the Plan and the applicable Award Agreement.
If an Independent Director’s
service on the Board terminates for any reason other than due to death or disability, the RSUs held by the director at such time shall
vest in a number that is prorated to reflect the proportionate number of days served during the applicable board term up to and including
the date of termination. If an Independent Director’s service on the Board terminates due to death or disability, then the RSUs
held by the director at such time shall fully vest without proration. The RSUs that vest in accordance with this paragraph shall be settled
in accordance with the terms and conditions of the Plan and applicable Award Agreement.
Notwithstanding the foregoing,
for each Independent Director who remains in continuous service until immediately prior to a Change of Control (as defined in the Plan),
the RSUs held by the director at such time will become fully vested upon the Change of Control.
Long-Term Cash
Each Independent Director
shall receive an annual Long-Term Cash award under the Plan in the amount specified above. Unless an Independent Director is appointed
to serve on the Board for a partial term, the Long-Term Cash to be paid hereunder shall be granted on the date of the Company’s
annual meeting of stockholders at which such director was elected or re-elected to serve by stockholders. The Long-Term Cash awarded to
Independent Directors hereunder shall have a one-year vesting period, subject to continued service through the vesting date.
If an Independent Director
is appointed to serve on the Board for a partial term, the amount of Long-Term Cash that such director is eligible to receive hereunder
will be prorated from the date of appointment through the date of the Company’s next annual meeting of stockholders. The Long-Term
Cash to be paid hereunder shall be granted on the date such director joins the Board, shall vest on the first anniversary of the Company’s
immediately preceding annual meeting of stockholders, and shall be subject to continued service on the Board through such vesting date.
2
If an Independent Director’s
service on the Board terminates for any reason, other than due to death or disability, the Long-Term Cash held by the director at such
time shall vest in an amount that is prorated to reflect the proportionate number of days served during the applicable board term up to
and including the date of termination. If an Independent Director’s service on the Board terminates due to death or disability,
then the Long-Term Cash held by the director at such time shall fully vest without proration.
Notwithstanding the foregoing,
for each Independent Director who remains in continuous service until immediately prior to a Change of Control (as defined in the Plan),
the Long-Term Cash held by the director at such time will become fully vested upon the Change of Control.
Any Long-Term Cash vested
and payable hereunder shall be paid by the Company no later than 30 days after vesting.
Expense Reimbursement
All Independent Directors
shall be entitled to reimbursement from the Company for their reasonable travel (including airfare and ground transportation), lodging
and meal expenses incident to meetings of the Board or committees thereof or in connection with other Board-related business. The Company
shall make expense reimbursements to all Independent Directors within a reasonable amount of time, but no later than 30 days, following
submission by the director of reasonable written substantiation for the expenses.
Last Approved by the Board: June 4, 2026
3
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 8
v3.26.1
Cover
Jun. 04, 2026
Document Type
8-K
Amendment Flag
false
Document Period End Date
Jun. 04, 2026
Entity File Number
001-38124
Entity Registrant Name
Granite Point Mortgage Trust Inc.
Entity Central Index Key
0001703644
Entity Tax Identification Number
61-1843143
Entity Incorporation, State or Country Code
MD
Entity Address, Address Line One
3 Bryant Park
Entity Address, Address Line Two
Suite
2400A
Entity Address, City or Town
New York
Entity Address, State or Province
NY
Entity Address, Postal Zip Code
10036
City Area Code
212
Local Phone Number
364-5500
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Entity Emerging Growth Company
false
Common Stock [Member]
Title of 12(b) Security
Common Stock, par value $0.01 per share
Trading Symbol
GPMT
Security Exchange Name
NYSE
7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share [Member]
Title of 12(b) Security
7.00%
Series A Fixed-to-Floating Rate Cumulative Redeemable
Preferred Stock, par value $0.01
per share
Trading Symbol
GPMTPrA
Security Exchange Name
NYSE
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=gpmt_SeriesA700percentageFixedtoFloatingRateCumulativeRedeemablePreferredStockparvaluedollar001pershareMember
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type: