{"url_path":"/sec/gpmt/8-k/2026-06-05/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-05","source_url":"https://www.sec.gov/Archives/edgar/data/1703644/0001104659-26-070983-index.html","accession_number":"0001104659-26-070983","cik":"0001703644","ticker":"GPMT","issuer_name":"Granite Point Mortgage Trust Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1703644/0001104659-26-070983-index.html","primary_entity_key":"0001703644","primary_entity_name":"Granite Point Mortgage Trust Inc."},"word_count":302,"has_tables":true,"body_markdown":"**Item 5.02 Departure of Directors or Certain Officers; Election of\nDirectors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\nOn June 4, 2026, the Board of Directors (the “Board”)\nof Granite Point Mortgage Trust Inc. (the “Company”) adopted a revised Director Compensation Policy (the “Policy”),\neffective immediately. The Policy provides for cash and equity compensation to be paid to members of the Board for their service on the\nBoard and its committees. Under the Policy as revised, directors who are independent under the listing standards of the New York Stock\nExchange will receive an annual cash retainer of $100,000 ($160,000 for the Chair), paid quarterly in arrears; a restricted stock unit\n(“RSU”) award worth $50,000 ($80,000 for the Chair) at the beginning of each Board term, with a one-year vesting period; and\na 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\nprovides for the payment of additional amounts in cash retainers and RSUs for the Chairs and other members of the Audit Committee, Compensation\nCommittee, and Nominating and Corporate Governance Committee.\n\n \n\nUnder the predecessor version of the Policy, the\ndirectors had received the annual cash retainer as detailed above plus an RSU award worth $100,000 ($160,000 for the Chair) at the beginning\nof 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\ncash award in the revised Policy to limit the dilutive effect of the equity grants to directors. No other material changes were included\nin the June 4, 2026, revisions. The foregoing description of the Policy is qualified in its entirety by the terms of the Policy, which\nis attached as Exhibit 10.1 hereto and incorporated by reference herein."}