Patel Apeksha 4

What Happened

• Apeksha Patel, Chief Financial Officer of Cherry Hill Mortgage Investment Corp (CHMI), was granted 75,758 restricted stock units (RSUs) on April 21, 2026. The grant is recorded as a derivative award (code A) at $0.00 per unit; each RSU represents the right to receive one share of common stock upon vesting.

Key Details

• Transaction date: 2026-04-21; Form 4 filed 2026-04-23 (filed within standard 2‑business-day window).
• Transaction type/code: Award/Grant (A); reported price $0.00 (derivative grant).
• Amount granted: 75,758 RSUs (each convertible into one share upon vesting).
• Vesting: Ratable over three years — one-third vests 4/21/2027, one-third 4/21/2028, one-third 4/21/2029 (per grant terms).
• Delivery & taxes: Vested RSUs payable in shares no later than 60 days after vesting; dividend equivalents accrue on unvested RSUs and are paid within 30 days of dividend distributions; payouts subject to tax withholding (see footnotes).
• Shares owned after transaction: Not specified in the Form 4 filing.

Context

• This is a compensation grant (not a market purchase or sale). RSU grants are commonly used for executive pay and do not represent an immediate change in share ownership until vesting and delivery. Dividend equivalents and tax withholding can affect the net shares ultimately received.