Chimera (NYSE: CIM) director gets 11,263 RSUs, holds 50K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chavers Kevin Gerald reported acquisition or exercise transactions in this Form 4 filing.
Chimera Investment Corp director Kevin Gerald Chavers reported an equity award of 11,263 restricted stock units (RSUs) tied to Chimera common stock. The RSUs, each economically equal to one share, were granted at no cash cost and will vest on the earlier of the first anniversary of the June 11, 2026 grant date or the next annual stockholders meeting, then be settled entirely in shares. After this grant, Chavers holds 50,506 shares of Chimera common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chavers Kevin Gerald
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,263 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 50,506 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
Price per share: $0.0000 per share
Post-transaction holdings: 50,506 shares
+1 more
4 metrics
RSU grant size
11,263 RSUs
Restricted stock units tied to Chimera common stock
Price per share
$0.0000 per share
Grant/award acquisition with no cash price
Post-transaction holdings
50,506 shares
Total Chimera common shares following the RSU grant
RSU vesting date
June 11, 2027
Earlier of first anniversary of grant or next annual meeting
Key Terms
restricted stock units (RSUs), economic equivalent, annual stockholders meeting
3 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.
economic equivalent financial
"Each RSU has the economic equivalent of one share of Chimera common stock,"
annual stockholders meeting financial
"or, if earlier, (2) the date of the next annual stockholders meeting of the Chimera"
FAQ
What transaction did Kevin Gerald Chavers report for Chimera Investment Corp (CIM)?
Kevin Gerald Chavers reported receiving 11,263 restricted stock units (RSUs) tied to Chimera common stock. This Form 4 shows a compensation-related equity award, not an open-market stock purchase or sale.
When do Kevin Gerald Chavers’ Chimera RSUs reported on Form 4 vest?
The RSUs are scheduled to vest on the earlier of June 11, 2027, which is the first anniversary of the grant date, or the date of Chimera’s next annual stockholders meeting, whichever occurs first.
How will the Chimera Investment Corp RSUs granted to Kevin Gerald Chavers be settled?
The RSUs will be settled 100% in shares of Chimera common stock after vesting. Each RSU has the economic equivalent of one share, effectively delivering the same value as owning common stock.
Does the Form 4 for Chimera (CIM) show any stock sales by Kevin Gerald Chavers?
The Form 4 shows an acquisition of 11,263 RSUs as a grant or award, with no reported stock sales. It reflects compensation in equity rather than an open-market disposition of Chimera shares.