Cherry Hill (NYSE: CHMI) grants CFO 75,758 RSUs vesting through 2029
Rhea-AI Filing Summary
Patel Apeksha reported acquisition or exercise transactions in this Form 4 filing.
Cherry Hill Mortgage Investment Corp reported that Chief Financial Officer Apeksha Patel received a grant of 75,758 restricted stock units (RSUs) on April 21, 2026. Each RSU represents one share of common stock, granted at no cash cost as part of equity compensation.
The RSUs vest in three equal installments, with one-third vesting on April 21, 2027, one-third on April 21, 2028, and one-third on April 21, 2029, under the company’s 2023 Equity Incentive Plan. Following this grant, Patel holds 98,091 RSUs directly. Dividend equivalent rights also accrue on unvested RSUs when dividends are paid.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patel Apeksha
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 75,758 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 98,091 shares (Direct)
Footnotes (1)
- 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. Dividend equivalent rights accrue with respect to unvested RSUs in the form of cash, securities, or other property when and as dividends are paid on the Issuer's common stock, and are paid or distributed to the reporting person within thirty days of the date that the corresponding dividend payment or distribution is made to shareholders of the company, subject to the collection of withholding taxes. The Reporting Person was granted RSUs which vest ratable over a three-year period, with one-third vesting on April 21, 2027, one-third on April 21, 2028, and one-third on April 21, 2029, subject to the terms and conditions of the previously disclosed Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan (the "Plan") and the Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.
Key Figures
RSUs granted: 75,758 RSUs
RSUs after grant: 98,091 RSUs
Grant price per RSU: $0.00 per unit
+4 more
7 metrics
RSUs granted
75,758 RSUs
Grant to CFO Apeksha Patel on April 21, 2026
RSUs after grant
98,091 RSUs
Total RSU holdings following the reported transaction
Grant price per RSU
$0.00 per unit
Equity compensation, no cash paid by the reporting person
First vesting tranche
One-third on April 21, 2027
Initial vesting date under the three-year schedule
Second vesting tranche
One-third on April 21, 2028
Second installment of RSU vesting
Final vesting tranche
One-third on April 21, 2029
Final installment of RSU vesting
RSU-to-share ratio
1 RSU : 1 share
Each RSU converts into one share of common stock
Key Terms
Restricted Stock Units, dividend equivalent rights, 2023 Equity Incentive Plan, vesting
4 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.
dividend equivalent rights financial
"Dividend equivalent rights accrue with respect to unvested RSUs in the form of cash, securities, or other property when and as dividends are paid."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
2023 Equity Incentive Plan financial
"subject to the terms and conditions of the previously disclosed Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan (the "Plan")."
vesting financial
"RSUs which vest ratable over a three-year period, with one-third vesting on April 21, 2027, one-third on April 21, 2028, and one-third on April 21, 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Cherry Hill (CHMI) disclose for its CFO?
Cherry Hill reported that CFO Apeksha Patel received a grant of 75,758 restricted stock units. These units are equity compensation, not an open-market stock purchase, and each RSU represents the right to receive one share of common stock in the future.
How many RSUs were granted to Cherry Hill (CHMI) CFO Apeksha Patel?
Apeksha Patel was granted 75,758 restricted stock units. Each RSU corresponds to one share of Cherry Hill’s common stock, delivering equity-based compensation that aligns the CFO’s interests with shareholders through future share delivery as the awards vest over time.
What is the vesting schedule for the Cherry Hill (CHMI) CFO’s RSUs?
The granted RSUs vest ratably over three years. One-third vests on April 21, 2027, another third on April 21, 2028, and the final third on April 21, 2029, subject to the terms of Cherry Hill’s 2023 Equity Incentive Plan and the RSU agreement.
How many restricted stock units does the Cherry Hill (CHMI) CFO hold after this grant?
After the April 21, 2026 grant, CFO Apeksha Patel holds 98,091 restricted stock units directly. This total includes the 75,758 newly granted RSUs and reflects her current RSU-based equity position as reported in this Form 4 filing.
Do Cherry Hill (CHMI) RSUs for the CFO receive dividend equivalents?
Yes. Unvested RSUs accrue dividend equivalent rights in cash, securities, or other property when dividends are paid on Cherry Hill’s common stock. These amounts are paid or distributed within thirty days of the corresponding dividend payment, subject to applicable withholding taxes.
Does the Cherry Hill (CHMI) CFO pay cash for the granted RSUs?
No cash is paid by the CFO for these RSUs. The 75,758 restricted stock units were granted as compensation with a stated price of $0.00 per unit, providing future equity in Cherry Hill upon vesting and share delivery, subject to withholding tax obligations.