Chimera CIO logs 12,200-share tax disposition
Chimera Investment Corp's Chief Investment Officer, Jack Lee Macdowell Jr., reported a Form 4 transaction involving a tax-related share disposition.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 12,200 | $13.70 | $167K |
Footnotes (2)
- F1. Shares reported were withheld for payment of taxes associated with the vesting of prior grants of restricted stock units ("RSUs").
- F2. 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.
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