Hutchby Michael Andrew 4
4 · Cherry Hill Mortgage Investment Corp · Filed Jan 12, 2023
Insider Transaction Report
Form 4
Hutchby Michael Andrew
Chief Financial Officer
Transactions
- Award
LTIP Units
2023-01-10+12,300→ 55,800 total→ Common Stock (12,300 underlying)
Footnotes (1)
- [F1]Represents units of limited partnership interests ("LTIP Units") in Cherry Hill Operating Partnership, L.P. (the "Operating Partnership") of which the Issuer is the general partner. Vested LTIP Units, upon achieving parity with the common units of limited partnership interest in the Operating Partnership pursuant to the terms of the partnership agreement, may be exchanged at any time for cash (as described in the partnership agreement) or, at the election of the Issuer, for shares of common stock on a one-for-one basis. The LTIP Units will vest and become nonforfeitable ratably over the three-year period beginning on the date of grant, subject to the reporting person's continued service to the Issuer, the external manager, Cherry Hill Mortgage Management, LLC or its affiliate and have no expiration date.