Granite Point Mortgage Trust (GPMT) Proxy Filing summary

Executive summary

• Annual meeting scheduled for June 5, 2025, to be held virtually, with all shareholders encouraged to participate and vote on key proposals.

• Company operates as an internally managed REIT, focusing on senior floating-rate commercial mortgage loans, with a value-oriented investment approach.

• Board and management emphasize accessibility, transparency, and strong governance practices.

Voting matters and shareholder proposals

• Election of seven directors, including two new appointees in 2025, with a focus on diverse skills and backgrounds.

• Advisory approval of executive compensation (Say on Pay) and approval of an amended and restated 2022 Omnibus Incentive Plan to increase share reserve and extend plan term.

• Ratification of Ernst & Young LLP as independent auditor for fiscal year 2025.

• Shareholders may submit proposals and director nominations for the 2026 annual meeting by December 22, 2025.

Board of directors and corporate governance

• Board consists of seven members, 86% independent, with a mix of real estate, finance, governance, and ESG expertise.

• Independent Chair leads the board; all committees are fully independent.

• Annual board and committee assessments, director education, and majority voting standards for uncontested elections.

• Stock ownership guidelines require directors to hold equity equal to three times their annual cash retainer.

• Prohibition on hedging, pledging, and political contributions.