CHMI grants 104,167 RSUs to CIO Evans
Cherry Hill Mortgage Investment Corp reported that Chief Investment Officer Julian Evans received a grant of 104,167 restricted stock units (RSUs) on common stock.
Rhea-AI Filing Summary
Cherry Hill Mortgage Investment Corp reported that Chief Investment Officer Julian Evans received a grant of 104,167 restricted stock units (RSUs) on common stock. The award is compensation, with no cash paid per unit.
The RSUs vest in three equal installments: one-third 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 and an RSU agreement. Each vested RSU converts into one share of common stock, and dividend equivalent rights accrue on unvested RSUs and are paid when corresponding dividends are paid.
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Insider Trade Summary
Grant/Award: 104,167 shares
Grant/Award
1 txn
Insider
Evans Julian
Role
Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 104,167 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 104,167 contracts (Direct)
Footnotes (2)
- 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. 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.
- F2. 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: 104,167 units
Underlying common shares: 104,167 shares
Grant price per unit: $0.00
+4 more
7 metrics
RSUs granted
104,167 units
Restricted stock units granted to CIO on April 21, 2026
Underlying common shares
104,167 shares
Each RSU represents one share of common stock
Grant price per unit
$0.00
No cash paid by reporting person for RSU grant
Post-grant RSU holdings
104,167 units
Total derivative holdings following the reported transaction
First vesting date
April 21, 2027
First one-third of RSUs vest
Second vesting date
April 21, 2028
Second one-third of RSUs vest
Final vesting date
April 21, 2029
Final one-third of RSUs vest
Key Terms
Restricted Stock Units, dividend equivalent rights, Equity Incentive Plan
3 terms
Restricted Stock Units financial
"The Reporting Person was granted RSUs which vest ratable over a three-year period"
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"
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.
Equity Incentive Plan financial
"subject to the terms and conditions of the previously disclosed 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cherry Hill Mortgage Investment Corp (CHMI) disclose about Julian Evans in this Form 4?
Cherry Hill Mortgage Investment Corp disclosed that Chief Investment Officer Julian Evans received a grant of 104,167 restricted stock units as equity compensation. These RSUs relate to common stock and increase his equity-based interest in the company, subject to a multi-year vesting schedule and plan conditions.
How many restricted stock units did CHMI grant to its Chief Investment Officer?
The company granted 104,167 restricted stock units to Chief Investment Officer Julian Evans. Each RSU represents the right to receive one share of Cherry Hill Mortgage common stock once it vests, making the award a sizable, stock-based component of his compensation package rather than a cash payment.
What is the vesting schedule for Julian Evans’s 104,167 CHMI RSUs?
The 104,167 RSUs vest ratably over three years: one-third on April 21, 2027, one-third on April 21, 2028, and one-third on April 21, 2029. This structure is intended to align compensation with longer-term company performance and executive retention under the equity incentive plan.
Does Julian Evans pay anything for the Cherry Hill Mortgage RSU grant?
The RSU grant shows a price of $0.00 per unit, indicating Evans does not pay cash to receive the award. Instead, vested RSUs are settled in shares, and related tax withholding is collected when shares or dividend equivalents are delivered under the plan’s terms.
How are dividend equivalents handled on Julian Evans’s unvested CHMI RSUs?
Dividend equivalent rights accrue on unvested RSUs when Cherry Hill Mortgage pays dividends on its common stock. They may be paid in cash, securities, or other property, and are distributed within thirty days of the corresponding dividend payment, subject to withholding tax collection requirements.
What plan governs the RSU grant to Cherry Hill Mortgage’s Chief Investment Officer?
The RSU grant is made under the Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan. It is also subject to a specific Restricted Stock Unit Agreement between the issuer and Julian Evans, which sets detailed terms for vesting, settlement, and applicable conditions on the award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
