secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0001104659-24-092603
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Point Mortgage Trust CFO Urbaszek resigns effective Dec 1; Johnson to succeed
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- CFO Marcin Urbaszek resigns effective Dec 1, 2024, to join a global financial institution; no disagreement with company.
- Blake Johnson to join as Deputy CFO by Oct 28, 2024, then become CFO on Dec 1; previously served as Company's Controller.
- Johnson receives annual base salary of $500,000, sign-on bonus of $110,000, and 2024 cash bonus of $250,000.
- Equity award of $200,000 in RSUs vesting over three years; annual bonus target 75% of base salary starting 2025.
- Severance includes cash severance of 1x base salary plus target bonus, health coverage for 18 months, and prorated bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000110465924092603/0001104659-24-092603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000110465924092603/tm2422632d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-092603

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