Mack Richard 4
4 · Claros Mortgage Trust, Inc. · Filed Aug 8, 2023
Insider Transaction Report
Form 4
Mack Richard
DirectorCEO AND CHAIRMAN
Transactions
- Disposition to Issuer
COMMON STOCK
2023-08-04$10.81/sh−140,917$1,523,313→ 2,181,327 total - Exercise/Conversion
RESTRICTED STOCK UNITS
2023-08-04−254,821→ 0 total→ COMMON STOCK (0 underlying) - Exercise/Conversion
COMMON STOCK
2023-08-04+254,821→ 2,322,244 total
Footnotes (3)
- [F1]Represents first vesting tranche of restricted stock units ("RSUs") granted on June 14, 2022, which vest with respect to 1/3rd of the RSUs subject thereto on each of the 1st through 3rd anniversaries of July 1, 2022, subject to continued employment or service as provided in the award agreement. The RSUs have no expiration date.
- [F2]Reflects change in beneficial ownership from indirect to direct holdings pursuant to a distribution of 140,771 common stock shares by Mack CMTG Holdings Member, LLC to Reporting Person.
- [F3]Represents cash settlement of RSUs in order to satisfy tax obligations.