Director Richman gets 8,744 DSUs at Claros Mortgage (CMTG)

Rhea-AI Filing Summary

Claros Mortgage Trust director Steven Leonard Richman received a grant of 8,744 Deferred Stock Units (DSUs) on July 1, 2026 as deferred director cash fees under the company’s Deferred Compensation Plan. The DSUs are fully vested and each converts into one share of common stock, or at the company’s election into cash, following the plan’s deferral period. After this award, Richman holds 66,908 DSUs directly, reflecting routine, compensation-related equity rather than an open‑market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Richman Steven Leonard

Role null

Type	Security	Shares	Price	Value
Grant/Award	DEFERRED STOCK UNITS	8,744	$0.00	--

Holdings After Transaction: DEFERRED STOCK UNITS — 66,908 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

DSUs granted: 8,744 units DSUs held after grant: 66,908 units Underlying common shares: 8,744 shares +1 more

4 metrics

DSUs granted 8,744 units Director fee deferral award on July 1, 2026

DSUs held after grant 66,908 units Total Deferred Stock Units held directly by director

Underlying common shares 8,744 shares Each DSU converts into one share or cash

Grant price per DSU $0.00 Compensation-related award, not open-market purchase

Key Terms

Deferred Stock Units, Deferred Compensation Plan, deferral period

3 terms

Deferred Stock Units financial

"reported as Deferred Stock Units ("DSUs"). The DSUs are fully vested"

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.

deferral period financial

"following the deferral period as defined in the DCP"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 05:18 PM Accepted by SEC EDGAR 07/06/2026 - 05:17 PM Learn about SEC filing dates

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).

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^*

Richman Steven Leonard

(Last) (First) (Middle)

C/O MACK REAL ESTATE CREDIT STRATEGIES

60 COLUMBUS CIRCLE, 20TH FLOOR

(Street)

NEW YORK NEW YORK 10023

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Claros Mortgage Trust, Inc. [ CMTG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price

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
DEFERRED STOCK UNITS(1)	(1)	07/01/2026		A		8,744		(1)	(1)	COMMON STOCK	8,744	$0.00	66,908	D

Explanation of Responses:

1. Represents director cash fees that 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 are fully vested and 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.

	/s/ Jeffrey D. Siegel, Attorney-in-Fact for Steven Leonard Richman	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Claros Mortgage Trust (CMTG) disclose about Steven Richman in this Form 4?

Claros Mortgage Trust reported that director Steven Leonard Richman received 8,744 Deferred Stock Units as part of deferred director cash fees. These units are fully vested and increase his total holdings to 66,908 DSUs, all tied to the company’s common stock.

How many Deferred Stock Units did CMTG director Steven Richman receive?

Steven Leonard Richman received 8,744 Deferred Stock Units. The award represents director cash fees deferred under Claros Mortgage Trust’s Deferred Compensation Plan, with each DSU linked to one underlying share of common stock or equivalent cash value after the deferral period.

What are Deferred Stock Units (DSUs) in Claros Mortgage Trust’s Form 4?

Deferred Stock Units are fully vested units representing deferred director cash fees under the Deferred Compensation Plan. For Claros Mortgage Trust, each DSU converts into one share of common stock, or at the issuer’s election into cash, following the applicable deferral period defined in the plan.

How many Claros Mortgage Trust DSUs does Steven Richman hold after this grant?

After this award, Steven Leonard Richman holds 66,908 Deferred Stock Units. This total includes the newly granted 8,744 DSUs and reflects his direct compensation-linked position that will ultimately settle in common stock or cash under the plan’s terms.

Do the Claros Mortgage Trust DSUs granted to Steven Richman have an expiration date?

The Deferred Stock Units reported for Steven Leonard Richman have no expiration date. They are fully vested when granted and convert into Claros Mortgage Trust common stock, or at the issuer’s election into cash, after the deferral period described in the Deferred Compensation Plan.

Is Steven Richman’s CMTG Form 4 transaction an open-market stock purchase or sale?

The transaction is not an open-market trade. It reflects a grant of 8,744 fully vested Deferred Stock Units as deferred director cash fees under Claros Mortgage Trust’s Deferred Compensation Plan, rather than a voluntary market purchase or sale of common stock.