Claros Mortgage Trust (NYSE: CMTG) awards 53,418 deferred stock units to director Walter
Rhea-AI Filing Summary
Claros Mortgage Trust director WALTER W EDWARD received a grant of 53,418 deferred stock units. These units represent his annual director grant of restricted stock units, which he chose to defer under the company’s Deferred Compensation Plan and are therefore reported as Deferred Stock Units.
The deferred units vest on the earlier of the first anniversary of the grant date or the next annual meeting, as long as he continues serving the company. Once vested and after the deferral period, each unit converts into one share of common stock or, at the company’s election, into cash. Following this grant, he holds 53,418 deferred stock units directly, which have no expiration date.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WALTER W EDWARD
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 shares (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.
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