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[Form 4] CIM REAL ESTATE FINANCE TRUST, INC. Insider Trading Activity

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

Rhea-AI Filing Summary

CIM Real Estate Finance Trust director W. Brian Kretzmer received 19,157.088 shares of restricted common stock on 10/01/2025 as part of annual director retainers under the Issuer's 2022 Equity Incentive Plan. The restricted shares will vest on 10/01/2026. Following the grant and prior holdings, Mr. Kretzmer beneficially owns 133,012.364 shares of common stock, which includes 709.834 shares acquired via the Issuer's distribution reinvestment plan. The Form 4 was filed by one reporting person and executed by an attorney-in-fact.

Positive

  • None.

Negative

  • None.

Insights

Director compensation granted as restricted stock; standard governance practice.

The director received 19,157.088 shares in lieu of cash retainer, awarded under the company's 2022 Equity Incentive Plan. Restricted stock that vests after one year aligns the director's interests with shareholders by tying compensation to continued service through 10/01/2026.

This transaction is routine for independent directors and is procedural rather than a change in control or material insider sale; it does not disclose any change in corporate strategy or financial results.

Insider KRETZMER W BRIAN
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 19,157.088 $0.00 --
Holdings After Transaction: Common Stock — 133,012.364 shares (Direct)
Footnotes (1)
  1. On October 1, 2025, as part of the annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's 2022 Equity Incentive Plan, Mr. Kretzmer was granted 19,157.088 shares of the Issuer's restricted common stock. The shares of restricted common stock will vest on October 1, 2026. Includes 709.834 shares of common stock Mr. Kretzmer acquired through the Issuer's distribution reinvestment plan.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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).
1. Name and Address of Reporting Person*
KRETZMER W BRIAN
(Last) (First) (Middle)
2398 EAST CAMELBACK ROAD, 4TH FLOOR
(Street)
PHOENIX AZ 85016
(City) (State) (Zip)
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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 10/01/2025 A 19,157.088(1) A $0 133,012.364(2) D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On October 1, 2025, as part of the annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's 2022 Equity Incentive Plan, Mr. Kretzmer was granted 19,157.088 shares of the Issuer's restricted common stock. The shares of restricted common stock will vest on October 1, 2026.
2. Includes 709.834 shares of common stock Mr. Kretzmer acquired through the Issuer's distribution reinvestment plan.
Remarks:
/s/ Laura Eichelsderfer, as Attorney-in-fact 10/01/2025
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did CIM Real Estate Finance Trust (CMRF) disclose in this Form 4?

Director W. Brian Kretzmer was granted 19,157.088 restricted shares on 10/01/2025, which vest on 10/01/2026, and now beneficially owns 133,012.364 shares including 709.834 DRIP shares.

Why were the 19,157.088 shares granted to the director?

The shares were granted as part of the Issuer's annual retainers to independent directors under the Issuer's 2022 Equity Incentive Plan.

When do the restricted shares awarded to Mr. Kretzmer vest?

The restricted common stock vests on 10/01/2026.

How many shares does Mr. Kretzmer beneficially own after the transaction?

He beneficially owns 133,012.364 shares following the reported transaction(s).

Does the Form 4 show any sales or dispositions by Mr. Kretzmer?

No. The Form 4 reports an acquisition of 19,157.088 restricted shares and no dispositions in the reported transaction.