Garg Priyanka 4
Research Summary
AI-generated summary
Claros Mortgage Trust (CMTG) EVP Priyanka Garg Receives RSU Award
What Happened Priyanka Garg, Executive Vice President — Portfolio and Asset Management at Claros Mortgage Trust (CMTG), was granted 217,279 restricted stock units (RSUs) on 2026-03-20. The RSUs were awarded at $0.00 per share (a compensation grant, not a market purchase) and will convert one-for-one into common shares as they vest. This was a compensation award rather than a buy or sale of existing shares.
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (timely filing).
- Grant: 217,279 RSUs; acquisition price: $0.00; total immediate cash value reported: $0.
- Vesting: RSUs vest in three equal installments beginning April 1, 2027, with additional vesting on the next two anniversaries, subject to continued employment (per footnote F1).
- Shares owned after transaction: not specified in the information provided on this filing.
- Filing status: timely (filed within required period); no 10b5-1 plan, tax-withholding, or sale codes noted in this record.
Context RSU grants are a common form of executive compensation and convert into shares only as they vest; they do not represent an immediate market purchase or sale. Because vesting is contingent on continued service, these awards are tied to retention and performance rather than an open-market endorsement of the stock.