Granite Point Mortgage Trust (GPMT) Proxy Filing summary

Voting matters and shareholder proposals

• Proposal 3 seeks approval of an amendment to the 2022 Omnibus Incentive Plan, reserving 10 million additional shares for equity awards.

• If the amendment is not approved, no new equity awards can be issued, and contingent awards granted in February 2025 will be cancelled.

• Shareholders are provided instructions for changing their proxy votes if desired.

Executive compensation and say-on-pay

• As of April 7, 2025, 5,657,610 shares are subject to outstanding full-value equity awards, including RSUs and PSUs.

• 489,204 RSUs and 335,703 PSUs granted in February 2025 are contingent on approval of the plan amendment.

• No other award types are outstanding as of April 7, 2025.

Shareholder rights and capital structure

• 5,933,143 shares were repurchased from January 1, 2022, to December 31, 2024, offsetting dilution from equity awards.

• The 10 million new shares for the incentive plan are expected to last three years based on recent grant practices.