Chimera (NYSE: CIM) director receives 11,263 restricted stock unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reilly Brian Patrick reported acquisition or exercise transactions in this Form 4 filing.
Chimera Investment Corp director Brian Patrick Reilly received an equity grant of 11,263 restricted stock units (RSUs) of common stock. The RSUs vest on the earlier of the first anniversary of the June 11, 2026 grant date or the next annual stockholders meeting and will be settled entirely in Chimera common shares. After this award, Reilly holds 106,133 shares of common stock, reflecting a compensation-related grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reilly Brian Patrick
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,263 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 106,133 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
RSUs granted: 11,263 RSUs
Transaction price per share: $0.00 per share
Shares held after transaction: 106,133 shares
+2 more
5 metrics
RSUs granted
11,263 RSUs
Restricted stock units of Chimera common stock granted to director
Transaction price per share
$0.00 per share
Equity award, not an open-market purchase
Shares held after transaction
106,133 shares
Total Chimera common stock reported following the RSU grant
Vesting deadline
June 11, 2027
Latest vesting date; earlier vesting at next annual stockholders meeting
RSU-to-share ratio
1 RSU : 1 share
Each RSU has the economic equivalent of one Chimera common share
Key Terms
restricted stock units (RSUs), vest, economic equivalent, grant, award, or other acquisition
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 or the date of the next annual stockholders meeting."
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."
grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition."
FAQ
What insider transaction did Chimera Investment Corp (CIM) report for Brian Patrick Reilly?
Chimera Investment Corp reported that director Brian Patrick Reilly received a grant of 11,263 restricted stock units of common stock. This is a compensation-related equity award rather than an open-market trade, aligning the director’s interests with shareholders through additional stock-based incentives.
How many RSUs did Brian Patrick Reilly receive from Chimera Investment Corp (CIM)?
Brian Patrick Reilly received 11,263 restricted stock units of Chimera common stock. Each RSU has the economic equivalent of one share, meaning the award represents 11,263 potential shares that will be delivered upon vesting, subject to the stated vesting schedule and settlement terms.
What is the vesting schedule for Brian Patrick Reilly’s RSUs at Chimera (CIM)?
The RSUs are scheduled to vest on the earlier of the first anniversary of the June 11, 2026 grant date or the date of Chimera’s next annual stockholders meeting. Once vested, they will be settled 100% in shares of Chimera common stock according to the award terms.
Was Brian Patrick Reilly’s Chimera (CIM) RSU grant an open-market purchase?
No. The Form 4 describes the transaction with code A as a grant or award of restricted stock units. The RSUs carry a zero transaction price and are part of director compensation, not a voluntary open-market purchase of Chimera common stock on an exchange.