Claros Mortgage Trust (CMTG) CEO awarded 334,996 RSUs, total holdings 3.05M shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Claros Mortgage Trust CEO and Chairman Richard Mack received a large equity award in the form of restricted stock units. He was granted 334,996 RSUs tied to Common Stock at no cash cost, increasing his direct holdings to 3,052,326 shares after the award.
The RSUs convert into shares on a one-for-one basis and vest in three equal installments starting on April 1, 2027 and on each of the next two anniversaries. Vesting is conditioned on his continued employment or service under the award agreement, aligning a significant portion of his compensation with the company’s long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mack Richard
Role
CEO AND CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 334,996 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,052,326 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did CMTG CEO Richard Mack report on this Form 4?
Richard Mack reported an acquisition of equity compensation, receiving 334,996 restricted stock units tied to Claros Mortgage Trust Common Stock. The award was granted at no cash exercise price and reflects a compensation-related grant rather than an open-market share purchase or sale.
What are the vesting terms of Richard Mack’s new RSU award at CMTG?
The 334,996 RSUs vest in three equal installments starting April 1, 2027, with additional vesting on each of the next two anniversaries. Vesting requires continued employment or service under the award agreement, so the units are earned over time rather than immediately.
Does the CMTG Form 4 show an open-market buy or sell by Richard Mack?
No open-market buy or sell is shown. The transaction is coded as a grant or award acquisition of 334,996 RSUs at a price of $0.00 per unit, indicating compensation rather than a discretionary market trade in Claros Mortgage Trust shares.
How do Richard Mack’s RSUs convert into Claros Mortgage Trust stock?
Each restricted stock unit converts into one share of Claros Mortgage Trust Common Stock upon vesting. The Form 4 notes a one-for-one conversion ratio, so the full 334,996 RSUs could ultimately become the same number of shares if all vesting conditions are met.