Lown Jeffrey B 4

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.