Director at Community Healthcare Trust (CHCT) receives 7,661 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gardner Alan reported acquisition or exercise transactions in this Form 4 filing.
Community Healthcare Trust Inc director Alan Gardner received a grant of 7,661 shares of common stock on May 21, 2026. This was a compensation-related award, not an open-market purchase. Gardner elected to take 50% of his 2026 Board retainer in restricted stock instead of cash, and the company added extra restricted shares equal to 60% of the deferred retainer’s value. The share value was based on a ten-day average stock price of $17.23. Following this grant, Gardner directly holds 104,521 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gardner Alan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,661 | $17.23 | $132K |
Holdings After Transaction:
Common Stock — 104,521 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted shares granted: 7,661 shares
Grant valuation price: $17.23 per share
Total holdings after grant: 104,521 shares
+2 more
5 metrics
Restricted shares granted
7,661 shares
Common Stock grant on May 21, 2026
Grant valuation price
$17.23 per share
Ten-day average stock price for Board retainer conversion
Total holdings after grant
104,521 shares
Alan Gardner direct ownership after transaction
Board retainer election
50% in restricted stock
2026 Board retainer compensation choice
Additional stock incentive
60% of deferred retainer value
Extra restricted shares awarded for retainer election
Key Terms
restricted stock, Board retainer, three-year restriction period, ten (10) day average stock price
4 terms
restricted stock financial
"take 50% of his Board retainer in the form of shares of restricted stock with a three-year restriction period"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Board retainer financial
"take 50% of his Board retainer in the form of shares of restricted stock"
three-year restriction period financial
"shares of restricted stock with a three-year restriction period"
ten (10) day average stock price financial
"based upon the ten (10) day average stock price of the common stock"
FAQ
What insider transaction did Community Healthcare Trust (CHCT) report for Alan Gardner?
Community Healthcare Trust reported that director Alan Gardner received 7,661 shares of common stock as a grant. The shares represent a portion of his 2026 Board retainer taken in restricted stock instead of cash, plus additional incentive shares.
Was Alan Gardner’s CHCT Form 4 transaction an open-market stock purchase?
No, the transaction was not an open-market purchase. Alan Gardner received 7,661 restricted shares as a compensation-related grant tied to his 2026 Board retainer, which he chose to receive partly in stock rather than in cash.
Why did Community Healthcare Trust (CHCT) award Alan Gardner additional restricted shares?
The company awarded additional restricted shares equal to 60% of the value of Gardner’s deferred 2026 Board retainer. This extra grant was provided because he elected to receive 50% of his Board retainer in restricted stock instead of cash compensation.
What restrictions apply to Alan Gardner’s new CHCT restricted stock grant?
The restricted stock grant has a three-year restriction period. During this time, the shares are subject to vesting conditions and cannot be freely transferred, reflecting their role as long-term equity compensation for Gardner’s Board service in 2026.