Director at Chimera (NYSE: CIM) receives 11,263-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CREAGH GERARD reported acquisition or exercise transactions in this Form 4 filing.
Chimera Investment Corp director Gerard Creagh received an equity award of 11,263 restricted stock units (RSUs) on Chimera common stock. The RSUs are scheduled to vest on the earlier of the first anniversary of the grant date on June 11, 2027, or the date of Chimera’s next annual stockholders meeting, and will be settled entirely in shares of common stock. After this grant, Creagh directly holds 188,015 shares of Chimera common stock. This is a compensation-related grant rather than an open‑market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CREAGH GERARD
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,263 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 188,015 shares (Direct, null)
Footnotes (1)
- Represents shares of Chimera Investment Corporation ("Chimera") common stock underlying restricted stock units (RSUs). The RSUs are scheduled to vest on the earlier of (1) the first anniversary of the grant date, June 11, 2027, or, if earlier, (2) the date of the next annual stockholders meeting of the Chimera and shall be settled 100% in shares of Chimera common stock. The reporting person does not intend to report the vesting of the RSUs nor the delivery of the shares of common stock. Each RSU has the economic equivalent of one share of Chimera common stock.
Key Figures
RSU grant size: 11,263 RSUs
Post-transaction holdings: 188,015 shares
Vesting date trigger: June 11, 2027
+1 more
4 metrics
RSU grant size
11,263 RSUs
Equity award to director Gerard Creagh on Chimera common stock
Post-transaction holdings
188,015 shares
Chimera common stock directly held after the RSU grant
Vesting date trigger
June 11, 2027
Latest scheduled vesting date, or earlier at next annual meeting
RSU-to-share ratio
1 RSU = 1 share
Each RSU has the economic equivalent of one Chimera share
Key Terms
restricted stock units (RSUs), vest, economic equivalent, annual stockholders meeting
4 terms
restricted stock units (RSUs) financial
"Represents shares of Chimera Investment Corporation common stock underlying restricted stock units (RSUs)."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
vest financial
"The RSUs are scheduled to vest on the earlier of the first anniversary of the grant date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
economic equivalent financial
"Each RSU has the economic equivalent of one share of Chimera common stock."
annual stockholders meeting financial
"or, if earlier, the date of the next annual stockholders meeting of Chimera."
FAQ
What did Chimera Investment Corp (CIM) director Gerard Creagh report on this Form 4?
Gerard Creagh reported an equity grant of 11,263 restricted stock units in Chimera common stock. This is a compensation award, not an open-market trade, and increases his directly held position disclosed in the filing.
When do Gerard Creagh’s Chimera (CIM) RSUs from this grant vest?
The RSUs are scheduled to vest on the earlier of June 11, 2027, the first anniversary of the grant, or the date of Chimera’s next annual stockholders meeting, according to the Form 4 footnotes.
How will Gerard Creagh’s Chimera (CIM) RSUs be settled at vesting?
The RSUs will be settled 100% in shares of Chimera common stock upon vesting. Each restricted stock unit has the economic equivalent of one share of Chimera common stock, providing equity-based compensation rather than cash.
Is Gerard Creagh’s Form 4 for Chimera (CIM) a stock purchase or a grant?
The Form 4 reflects a grant or award acquisition of 11,263 RSUs, not an open-market stock purchase. The transaction code is “A,” indicating a grant or similar acquisition as part of his director compensation.