Claros Mortgage Trust (CMTG) exec settles RSU taxes in stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Claros Mortgage Trust, Inc. reported that executive Priyanka Garg had 76,548 shares of Common Stock withheld at $2.25 per share to cover tax obligations on vested Restricted Stock Units. This net share settlement was not an open-market sale. After the transaction, Garg directly holds 562,718 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Garg Priyanka
Role
SEE REMARKS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 76,548 | $2.25 | $172K |
Holdings After Transaction:
Common Stock — 562,718 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 76,548 shares
Withholding price: $2.25 per share
Shares held after transaction: 562,718 shares
+1 more
4 metrics
Shares withheld for taxes
76,548 shares
Tax-withholding disposition of Common Stock on vested RSUs
Withholding price
$2.25 per share
Value applied to 76,548 withheld shares
Shares held after transaction
562,718 shares
Common Stock directly owned following Form 4 event
Transaction code
F
Payment of tax liability by delivering securities
Key Terms
Restricted Stock Units, tax withholding obligations, net settlement, Common Stock
4 terms
Restricted Stock Units financial
"Represents net settlement of vested Restricted Stock Units in order to satisfy tax withholding obligations."
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.
tax withholding obligations financial
"Represents net settlement of vested Restricted Stock Units in order to satisfy tax withholding obligations."
net settlement financial
"Represents net settlement of vested Restricted Stock Units in order to satisfy tax withholding obligations."
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Priyanka Garg report in the latest Claros Mortgage Trust (CMTG) Form 4?
Priyanka Garg reported a tax-related share disposition. 76,548 Common Stock shares were withheld at $2.25 per share to satisfy tax obligations on vested Restricted Stock Units, leaving her with 562,718 shares directly held after the transaction.
Was the Claros Mortgage Trust (CMTG) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 76,548 shares were withheld to cover taxes due on vested Restricted Stock Units, according to the filing’s footnote disclosure.
What does ‘net settlement of vested Restricted Stock Units’ mean in the CMTG Form 4?
Net settlement means some shares from vested Restricted Stock Units are withheld rather than delivered. In this case, 76,548 shares of Common Stock were retained by the issuer to cover tax withholding obligations, instead of Garg receiving all vested shares.