Chimera (CIM) CLO Miyun Sung has 8,165 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chimera Investment Corp Chief Legal Officer and Secretary Miyun Sung reported a tax-related share disposition. On February 17, 2026, 8,165 shares of common stock were withheld at $13.70 per share to cover taxes tied to previously vested restricted stock units.
After this tax-withholding disposition, Sung directly holds 60,836 shares of Chimera common stock. Footnotes explain that dividend equivalent rights linked to restricted and performance stock units are included in this common stock balance and are economically equivalent to one share each.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sung Miyun
Role
Chief Legal Officer & Secy.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,165 | $13.70 | $112K |
Holdings After Transaction:
Common Stock — 60,836 shares (Direct)
Footnotes (1)
- Shares reported were withheld for payment of taxes associated with the vesting of prior grants of restricted stock units ("RSUs"). Dividend equivalent rights ("DERs") issued on RSUs and underlying performance stock units or PSUs are included in the reporting person's common stock holding balance. Each DER is the economic equivalent of one share of Chimera Investment Corporation common stock.
FAQ
What insider transaction did Chimera Investment Corp (CIM) report for Miyun Sung?
Miyun Sung reported a tax-withholding disposition of Chimera shares. On February 17, 2026, 8,165 common shares were withheld to pay taxes arising from the vesting of earlier restricted stock unit awards, rather than being sold in an open-market transaction.
What are dividend equivalent rights (DERs) mentioned in the Chimera (CIM) Form 4?
Dividend equivalent rights are linked to RSUs and performance stock units. Each DER is economically equal to one Chimera common share and is included in Miyun Sung’s reported common stock holdings, according to the Form 4 footnote.