CHMI CFO reports RSU vesting and tax withholding
Cherry Hill Mortgage Investment Corp’s Chief Financial Officer Apeksha Patel reported routine equity compensation activity.
Rhea-AI Filing Summary
Cherry Hill Mortgage Investment Corp’s Chief Financial Officer Apeksha Patel reported routine equity compensation activity. On June 1, 2026, 11,000 Restricted Stock Units converted into an equal number of common shares at a stated price of $0.00 per share, reflecting vesting under prior grants.
The company withheld 3,449 common shares at a price of $2.42 per share to cover tax obligations, a non‑market “F” code tax-withholding disposition. Following these transactions, Patel directly held 14,458 common shares and 87,091 RSUs, indicating a continued substantial equity stake and no open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,000 shares exercised/converted
Exercise
3 txns
Insider
Patel Apeksha
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,000 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 11,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 3,449 | $2.42 | $8K |
Holdings After Transaction:
Restricted Stock Units — 87,091 contracts (Direct);
Common Stock, par value $0.01 per share — 14,458 shares (Direct)
Footnotes (3)
- F1. Each granted restricted stock unit ("RSU") represents the right to receive one share of the Issuer's common stock. Vested RSUs are payable in the form of shares of the Issuer's common stock, delivered to the reporting person no later than sixty days after the date on which vesting occurs, subject to the collection of withholding taxes.
- F2. Shares of common stock withheld by Cherry Hill Mortgage Investment Corporation to satisfy tax withholding requirements on the grant of unrestricted shares of common stock.
- F3. On May 30, 2024, the Reporting Person was granted 33,333 RSUs, vesting ratably over a three-year period, with one-third vesting on the first anniversary of the grant date, one-third on the second anniversary of the grant date, and one-third on the third anniversary of the grant date, subject to the terms and conditions of the Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person.
Key Figures
RSUs converted: 11,000 shares
Tax withholding shares: 3,449 shares
Tax withholding price: $2.42 per share
+3 more
6 metrics
RSUs converted
11,000 shares
Restricted Stock Units converting to common stock on June 1, 2026
Tax withholding shares
3,449 shares
Common shares withheld to satisfy tax requirements at $2.42 per share
Tax withholding price
$2.42 per share
Value applied to common shares withheld for tax obligations
Common shares held
14,458 shares
Direct common stock holdings following reported transactions
RSUs held
87,091 units
Restricted Stock Units balance following RSU conversion transaction
RSU grant size
33,333 RSUs
Grant on May 30, 2024 vesting ratably over three years
Key Terms
Restricted Stock Units, tax withholding, Equity Incentive Plan, Restricted Stock Unit Award Agreement, +1 more
5 terms
Restricted Stock Units financial
"Each granted restricted stock unit ("RSU") represents the right to receive one share of the Issuer's common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding financial
"Shares of common stock withheld by Cherry Hill Mortgage Investment Corporation to satisfy tax withholding requirements on the grant of unrestricted shares of common stock."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Equity Incentive Plan financial
"subject to the terms and conditions of the Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Restricted Stock Unit Award Agreement financial
"and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person."
A restricted stock unit (RSU) award agreement is a formal promise from a company that an employee or contractor will receive company shares (or cash equal to their value) after meeting certain conditions, such as staying with the company for a set time or hitting performance targets. Investors care because RSUs can dilute existing shares when converted, reveal how management is paid and incentivized, and signal future share issuance that can affect earnings and stock value.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CHMI CFO Apeksha Patel report on this Form 4?
CFO Apeksha Patel reported RSU vesting and related tax withholding, not open-market trading. 11,000 Restricted Stock Units converted into common shares, and 3,449 shares were withheld by Cherry Hill Mortgage Investment Corp to satisfy tax obligations tied to unrestricted share grants.
Did CHMI’s CFO buy or sell common stock in the open market?
The filing shows no open-market purchases or sales by the CFO. Reported transactions are an RSU conversion (code M) and a tax-withholding disposition (code F), both routine compensation and tax events rather than discretionary market trades in Cherry Hill Mortgage Investment Corp common stock.
What RSU activity did the CHMI Form 4 disclose for the CFO?
The Form 4 discloses that 11,000 Restricted Stock Units converted into an equal number of common shares at a stated price of $0.00 per share. Each RSU represents a right to receive one common share, payable in stock upon vesting under the company’s equity incentive plan.
What are Apeksha Patel’s reported holdings after these CHMI transactions?
After the reported transactions, Apeksha Patel directly held 14,458 shares of Cherry Hill Mortgage Investment Corp common stock. She also held 87,091 Restricted Stock Units, which represent future rights to receive additional common shares upon vesting, according to the Form 4 holdings data.
What equity award terms apply to the 33,333 CHMI RSUs granted to the CFO?
On May 30, 2024, the CFO received 33,333 RSUs vesting over three years. One-third vests on each of the first, second, and third anniversaries of the grant date, subject to the 2023 Equity Incentive Plan and the related Restricted Stock Unit Award Agreement terms and conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
