Olsen Denise 4
Research Summary
AI-generated summary
Claros Mortgage (CMTG) Director Denise Olsen Receives Award
What Happened
Denise Olsen, a director of Claros Mortgage Trust, Inc. (CMTG), was granted 53,418 deferred stock units (reported as a derivative acquisition) on 2026-06-03. The units were granted at $0.00 (no cash purchase) and are reported as Deferred Stock Units (DSUs) rather than immediately issued common shares.
Key Details
- Transaction date: 2026-06-03; Filing date: 2026-06-05 (Form 4 filed within the typical 2-business-day window).
- Amount: 53,418 DSUs; reported price $0.00; reported value $0 (award/grant).
- Shares owned after transaction: Not specified in the filing.
- Footnote: These are annual director restricted stock units deferred under the Issuer’s Deferred Compensation Plan (DCP). DSUs vest on the earlier of the first anniversary of the grant or the next annual meeting, subject to continued service. Vested DSUs convert one-for-one into common stock or, at the issuer’s election, into cash. DSUs have no expiration date.
- Transaction type: Award/Grant of a derivative security (code A on Form 4).
Context
This is a routine director compensation award, not an open-market purchase or sale. The DSUs do not represent immediately tradable shares until they vest and convert; they are a form of deferred equity compensation common for board members.