Lown Jeffrey B 4
4 · Cherry Hill Mortgage Investment Corp · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
CHMI CEO Jeffrey B. Lown Receives 170,455 RSU Award
What Happened Jeffrey B. Lown, President, CEO and a director of Cherry Hill Mortgage Investment Corp (CHMI), was granted 170,455 restricted stock units (RSUs) on April 21, 2026. The grant is reported as a derivative award (code A) at $0.00 per unit — RSUs represent the right to receive one share of common stock upon vesting, so no cash was paid at grant.
Key Details
- Transaction date: April 21, 2026; Form 4 filed April 23, 2026 (appears timely).
- Grant: 170,455 RSUs; reported price $0.00 (derivative award).
- Vesting: Ratable over three years — one-third vesting each on Apr 21, 2027; Apr 21, 2028; and Apr 21, 2029 (per filing footnote).
- Plan and agreement: Award subject to the Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan and the Restricted Stock Unit Agreement.
- Dividend equivalents: Unvested RSUs accrue dividend equivalent rights, payable (in cash, securities or property) within 30 days of dividend payments, subject to withholding.
- Tax withholding/payment: Vested RSUs are payable in shares no later than 60 days after vesting, subject to collection of withholding taxes.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context RSUs are a common form of executive compensation that convert into actual shares only as they vest; this grant is not an open‑market purchase or sale and does not by itself indicate immediate buying or selling activity. The grant vests over three years, so the economic benefit to the insider depends on future vesting and the company’s share price at those times.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-04-21+170,455→ 170,455 total→ Common Stock, par value $0.01 per share (170,455 underlying)
Footnotes (2)
- [F1]Each granted restricted stock unit ("RSU") represents the right to receive one share of the Issuer's common stock. Vested RSUs are payable in the form of shares of the Issuer's common stock, delivered to the reporting person no later than sixty days after the date on which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of cash, securities, or other property when and as dividends are paid on the Issuer's common stock, and are paid or distributed to the reporting person within thirty days of the date that the corresponding dividend payment or distribution is made to shareholders of the company, subject to the collection of withholding taxes.
- [F2]The Reporting Person was granted RSUs which vest ratable over a three-year period, with one-third vesting on April 21, 2027, one-third on April 21, 2028, and one-third on April 21, 2029, subject to the terms and conditions of the previously disclosed Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan (the "Plan") and the Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.