Claros Mortgage Trust (CMTG) CEO uses 162,018 shares to cover RSU tax withholding
Rhea-AI Filing Summary
Claros Mortgage Trust, Inc. CEO and Chairman Richard Mack reported a tax-related share disposition. On this Form 4, 162,018 shares of Common Stock were delivered at $2.25 per share to satisfy tax withholding tied to vested Restricted Stock Units, rather than being sold in the open market.
After this net settlement, Mack directly holds 2,890,308 shares of Claros Mortgage Trust Common Stock. The transaction reflects a routine mechanism to cover tax obligations on equity compensation while maintaining a substantial ongoing ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 162,018 shares
Net Sell
1 txn
Insider
Mack Richard
Role
CEO AND CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 162,018 | $2.25 | $365K |
Holdings After Transaction:
Common Stock — 2,890,308 shares (Direct)
Footnotes (1)
- F1. Represents net settlement of vested Restricted Stock Units in order to satisfy tax withholding obligations.
Key Figures
Tax-withholding shares: 162,018 shares
Price per share: $2.25 per share
Shares held after transaction: 2,890,308 shares
3 metrics
Tax-withholding shares
162,018 shares
Common Stock delivered to satisfy RSU tax withholding
Price per share
$2.25 per share
Value used for the 162,018-share tax-withholding disposition
Shares held after transaction
2,890,308 shares
Direct Common Stock holdings of Richard Mack after Form 4
Key Terms
Restricted Stock Units, tax withholding obligations, Common Stock
3 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."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Claros Mortgage Trust (CMTG) disclose for Richard Mack?
Claros Mortgage Trust reported that CEO Richard Mack used 162,018 Common Stock shares to cover tax withholding on vested Restricted Stock Units. This "F" code Form 4 transaction is a tax-withholding disposition, not an open-market sale, and reflects routine equity compensation mechanics.
Was Richard Mack’s Claros Mortgage Trust (CMTG) Form 4 an open-market sale?
No. The Form 4 identifies the transaction with code "F", meaning shares were delivered to pay tax obligations. A footnote clarifies it was a net settlement of vested Restricted Stock Units, not a voluntary open-market sale into the market.
What does transaction code "F" mean in the Claros Mortgage Trust (CMTG) Form 4?
In this Form 4, code "F" indicates payment of tax liability by delivering securities. Claros Mortgage Trust notes that 162,018 shares were used to satisfy tax withholding on vested Restricted Stock Units, a common administrative step for equity compensation.