Claros Mortgage Trust director granted 53,418 deferred units
Claros Mortgage Trust director Derrick D. Cephas received a grant of 53,418 Deferred Stock Units.
Rhea-AI Filing Summary
Claros Mortgage Trust director Derrick D. Cephas received a grant of 53,418 Deferred Stock Units. These units represent his annual director award of restricted stock units, which he elected to defer under the company’s Deferred Compensation Plan.
The Deferred Stock Units vest on the earlier of the first anniversary of the grant date or the next annual meeting, as long as he continues serving as a director. After the deferral period, each vested unit converts into one share of common stock, or, at the company’s election, into cash. Following this grant, Cephas holds 53,418 Deferred Stock Units directly, and the units have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 53,418 shares
Grant/Award
1 txn
Insider
CEPHAS DERRICK D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | DEFERRED STOCK UNITS | 53,418 | $0.00 | $0.00 |
Holdings After Transaction:
DEFERRED STOCK UNITS — 53,418 contracts (Direct)
Footnotes (1)
- F1. Represents annual director grant of restricted stock units, which have been deferred by the Reporting Person under the Issuer's Deferred Compensation Plan ("DCP") and thus are reported as Deferred Stock Units ("DSUs"). The DSUs vest on the earlier to occur of (i) the first anniversary of the grant date and (ii) the date of the next annual meeting following the grant date, subject to continued service with the Company through such date. The Vested DSUs convert into shares of Common Stock on a one-for-one basis, or at the election of the Issuer into cash, following the deferral period as defined in the DCP. The DSUs have no expiration date.
Key Figures
Deferred Stock Units granted: 53,418 units
Price per Deferred Stock Unit: $0.0000
Underlying common shares: 53,418 shares
+1 more
4 metrics
Deferred Stock Units granted
53,418 units
Annual director grant on transaction date
Price per Deferred Stock Unit
$0.0000
Equity compensation, not open-market purchase
Underlying common shares
53,418 shares
One-for-one conversion from Deferred Stock Units
Total DSUs after grant
53,418 units
Holdings following reported transaction
Key Terms
Deferred Stock Units, Deferred Compensation Plan, restricted stock units
3 terms
Deferred Stock Units financial
"Reported as Deferred Stock Units ("DSUs"). The DSUs vest on the earlier"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Deferred Compensation Plan financial
"deferred by the Reporting Person under the Issuer's Deferred Compensation Plan ("DCP")"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
restricted stock units financial
"Represents annual director grant of restricted stock units, which have been deferred"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Claros Mortgage Trust (CMTG) report for Derrick D. Cephas?
Claros Mortgage Trust reported that director Derrick D. Cephas received 53,418 Deferred Stock Units as an annual director grant. These units are deferred restricted stock units tied to future vesting and eventual settlement in common stock or cash.
How many Deferred Stock Units did Derrick D. Cephas acquire in this CMTG Form 4?
Derrick D. Cephas acquired 53,418 Deferred Stock Units in this transaction. The grant price is listed as zero because it represents equity compensation, not an open-market purchase, and is part of his director compensation package.
When do Derrick D. Cephas’s Deferred Stock Units in Claros Mortgage Trust vest?
The Deferred Stock Units vest on the earlier of the first anniversary of the grant date or the next annual meeting. Vesting is conditioned on his continued service with Claros Mortgage Trust through that date as a director.
How are Claros Mortgage Trust Deferred Stock Units settled for Derrick D. Cephas?
After the deferral period under the Deferred Compensation Plan, each vested Deferred Stock Unit converts one-for-one into common stock, or, at the company’s election, into cash. This means settlement can be in shares or cash, as determined by the issuer.
Do Derrick D. Cephas’s Deferred Stock Units in CMTG have an expiration date?
The filing states that these Deferred Stock Units have no expiration date. They remain outstanding until they vest and are ultimately settled in either common stock or cash following the deferral period defined in the plan.
What is Derrick D. Cephas’s total Deferred Stock Unit position in Claros Mortgage Trust after this grant?
After this grant, Derrick D. Cephas directly holds 53,418 Deferred Stock Units. This figure reflects his total position in these derivative securities as reported in the Form 4 following the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
