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Director at CIM Real Estate Finance (CMRF) gets shares from RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CIM Real Estate Finance Trust director Jason K. Schreiber reported routine equity compensation activity. On April 15, 2026, he acquired 19,157.088 shares of common stock upon vesting of 38,314.176 restricted stock units, with each unit settling 50% in stock and 50% in cash value.

After the transaction, he directly held 40,573.819 shares of common stock and 119,461.816 restricted stock units. According to the disclosure, these remaining units are scheduled to vest in tranches on December 15, 2026 and on April 15, 2027 and 2028, with future vestings also split between stock and cash value.

Positive

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Insider Schreiber Jason K
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 38,314.176 $0.00 --
Exercise Common Stock 19,157.088 $0.00 --
Holdings After Transaction: Restricted Stock Units — 119,461.816 shares (Direct); Common Stock — 40,573.819 shares (Direct)
Footnotes (1)
  1. On April 15, 2026, the reporting person acquired 19,157.088 shares of the Issuer's common stock in connection with the vesting of 38,314.176 of the restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on April 15, 2025. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 76,628.353 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on April 15, 2025 will vest in equal installments on April 15, 2027 and April 15, 2028. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, payable 50% in the Issuer's common stock and 50% in the cash value thereof. Represents (i) the remaining 5,282.621 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on January 10, 2024, which will vest on December 15, 2026, (ii) the remaining 21,130.481 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on June 25, 2024, which will vest on December 15, 2026, (iii) the remaining 16,420.361 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on December 10, 2024, which will vest on December 15, 2026, and (iv) the remaining 76,628.353 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on April 15, 2025, which will vest in equal annual installments on April 15, 2027 and April 15, 2028.
Shares acquired 19,157.088 shares Common stock received on April 15, 2026 from RSU vesting
RSUs vested 38,314.176 units Restricted stock units that vested on April 15, 2026
Shares held after 40,573.819 shares Director’s direct common stock holdings after the transaction
RSUs outstanding 119,461.816 units Remaining restricted stock units following the April 15, 2026 vesting
Future RSU tranche 5,282.621 units RSUs from January 10, 2024 grant vesting on December 15, 2026
Future RSU tranche 21,130.481 units RSUs from June 25, 2024 grant vesting on December 15, 2026
Future RSU tranche 16,420.361 units RSUs from December 10, 2024 grant vesting on December 15, 2026
Large future RSU grant 76,628.353 units RSUs from April 15, 2025 grant vesting in 2027 and 2028
Restricted Stock Units financial
"the reporting person acquired 19,157.088 shares ... in connection with the vesting of 38,314.176 of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent basis financial
"assigned to the reporting person on a contingent basis on April 15, 2025"
cash value financial
"Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof"
vest financial
"will vest in equal installments on April 15, 2027 and April 15, 2028"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Schreiber Jason K
(Last)(First)(Middle)
2398 EAST CAMELBACK ROAD
4TH FLOOR
(Street)
PHOENIX ARIZONA 85016
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CIM REAL ESTATE FINANCE TRUST, INC. [ NONE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/15/2026M19,157.088A(1)40,573.819D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)04/15/2026M38,314.176 (1) (1)Common Stock38,314.176$0119,461.816(3)D
Explanation of Responses:
1. On April 15, 2026, the reporting person acquired 19,157.088 shares of the Issuer's common stock in connection with the vesting of 38,314.176 of the restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on April 15, 2025. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 76,628.353 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on April 15, 2025 will vest in equal installments on April 15, 2027 and April 15, 2028. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.
2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, payable 50% in the Issuer's common stock and 50% in the cash value thereof.
3. Represents (i) the remaining 5,282.621 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on January 10, 2024, which will vest on December 15, 2026, (ii) the remaining 21,130.481 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on June 25, 2024, which will vest on December 15, 2026, (iii) the remaining 16,420.361 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on December 10, 2024, which will vest on December 15, 2026, and (iv) the remaining 76,628.353 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on April 15, 2025, which will vest in equal annual installments on April 15, 2027 and April 15, 2028.
Remarks:
/s/ Jason Schreiber04/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CMRF director Jason K. Schreiber report?

Jason K. Schreiber reported acquiring 19,157.088 CMRF common shares on April 15, 2026 through vesting of 38,314.176 restricted stock units. Each vested unit settled half in shares and half in cash value as part of his equity compensation arrangement.

How many CIM Real Estate Finance (CMRF) shares does the director hold after this filing?

After the April 15, 2026 transaction, the director directly holds 40,573.819 CMRF common shares. This reflects shares received from restricted stock unit vesting and provides context for his equity stake alongside a substantial remaining restricted stock unit balance.

What restricted stock unit (RSU) balance remains for the CMRF director?

Following the April 15, 2026 vesting, the director has 119,461.816 restricted stock units outstanding. These units were originally granted on several dates and represent future contingent rights to receive CIM Real Estate Finance common stock and corresponding cash value upon scheduled vesting.

When will the remaining CMRF restricted stock units vest for the director?

The remaining restricted stock units are scheduled to vest on December 15, 2026 and in equal installments on April 15, 2027 and April 15, 2028. As these awards vest, each unit is expected to settle 50% in CIM Real Estate Finance common stock and 50% in cash value.

How were the restricted stock units originally granted in the CMRF filing?

The restricted stock units were originally granted to CIM Real Estate Finance Management, LLC and assigned to the director on a contingent basis. Different tranches were granted on January 10, 2024, June 25, 2024, December 10, 2024, and April 15, 2025 with specified future vesting dates.