Chimera (NYSE: CIM) CIO records 12,200-share tax withholding move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chimera Investment Corp's Chief Investment Officer, Jack Lee Macdowell Jr., reported a Form 4 transaction involving a tax-related share disposition. A total of 12,200 shares of common stock were withheld at a price of $13.70 per share to cover taxes tied to previously granted restricted stock units that vested.
After this tax-withholding disposition, Macdowell directly holds 302,421 shares of Chimera common stock. Footnotes clarify that dividend equivalent rights on RSUs and performance stock units are included in his reported common stock balance, with each right economically equivalent to one share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Macdowell Jack Lee Jr
Role
Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,200 | $13.70 | $167K |
Holdings After Transaction:
Common Stock — 302,421 shares (Direct)
Footnotes (1)
- Shares reported were withheld for payment of taxes associated with the vesting of prior grants of restricted stock units ("RSUs"). Dividend equivalent rights ("DERs") issued on RSUs and underlying performance stock units or PSUs are included in the reporting person's common stock holding balance. Each DER is the economic equivalent of one share of Chimera Investment Corporation common stock.
FAQ
What insider transaction did Chimera Investment Corp (CIM) report for its CIO?
Chimera’s Chief Investment Officer reported a tax-related share disposition. The company withheld 12,200 common shares to cover taxes from vesting restricted stock units, a standard mechanism rather than an open-market sale, leaving him with 302,421 directly held shares.
What do dividend equivalent rights mean in the Chimera (CIM) Form 4 filing?
Dividend equivalent rights in this context mirror the economics of Chimera common stock. They are issued on restricted stock units and performance stock units, and each right is treated as the economic equivalent of one share within the reporting person’s disclosed common stock holdings.