Community Healthcare Trust (CHCT) director takes 2026 retainer in 6,036 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Community Healthcare Trust Inc director Cathrine Cotman received an equity-based Board retainer for 2026. She acquired 6,036 shares of common stock as a grant at an implied value of $17.23 per share, structured as restricted stock with a three-year restriction period, bringing her direct holdings to 49,893 shares. She elected to take 100% of her 2026 Board retainer in restricted stock instead of cash, and the company granted additional restricted shares equal to 60% of the retainer’s value, calculated using the 10-day average stock price.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cotman Cathrine
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,036 | $17.23 | $104K |
Holdings After Transaction:
Common Stock — 49,893 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares granted: 6,036 shares
Implied grant price: $17.23/share
Holdings after transaction: 49,893 shares
+2 more
5 metrics
Restricted shares granted
6,036 shares
2026 Board retainer grant of common stock
Implied grant price
$17.23/share
Ten-day average CHCT stock price used for award
Holdings after transaction
49,893 shares
Cotman direct ownership following Form 4 transaction
Additional award uplift
60% of retainer value
Extra restricted stock for taking retainer entirely in shares
Restriction period
3 years
Restricted stock lock-up term for 2026 Board retainer
Key Terms
restricted stock, Board retainer, ten (10) day average stock price, grant, award, or other acquisition
4 terms
restricted stock financial
"elected to take 100% of her 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 100% of her Board retainer in the form of shares of restricted stock"
ten (10) day average stock price financial
"based upon the ten (10) day average stock price of the common stock, which is equal to $17.23"
grant, award, or other acquisition regulatory
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Community Healthcare Trust (CHCT) director Cathrine Cotman report on this Form 4?
Cathrine Cotman reported receiving 6,036 shares of Community Healthcare Trust common stock as a 2026 Board retainer grant. These shares are restricted stock with a three-year restriction period, taken in lieu of cash compensation for her Board service.
What was the valuation basis for the CHCT restricted stock granted to Cathrine Cotman?
The restricted stock was valued using a ten-day average stock price of $17.23 per CHCT share. The number of shares issued equals the Board retainer value plus an additional 60% value, divided by this 10-day average price.
What are the vesting or restriction terms on the CHCT restricted stock granted to Cathrine Cotman?
The 6,036 CHCT shares granted to Cathrine Cotman are restricted stock subject to a three-year restriction period. During this time, transferability is limited, aligning her compensation more closely with long-term shareholder interests.