Richman Steven Leonard 4

What Happened

• Steven Leonard Richman, a director of Claros Mortgage Trust, was granted 8,744 Deferred Stock Units (DSUs) reported as a derivative acquisition (transaction code A) on 2026-07-01. The filing reports an acquisition price of $0 and a reported value of $0 because these DSUs represent deferred director cash fees rather than a cash purchase.
• This is an award/grant under the company's Deferred Compensation Plan (DCP) and is generally a routine compensation deferral rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06.
• Transaction type/code: Award/Grant (A) — derivative (DSUs).
• Shares/units acquired: 8,744 DSUs; reported acquisition price: $0; reported value: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — DSUs reflect director cash fees deferred under the DCP; DSUs are fully vested, convert one-for-one into common stock (or, at the issuer’s election, into cash) after the deferral period, and have no expiration date.
• No 10b5-1 plan, tax-withholding, or late-filing flag was indicated in the provided details.

Context

• DSUs are a form of deferred compensation. They do not represent a cash purchase or sale at grant time and typically reflect routine compensation practices; they will convert to shares (or cash) later per plan terms. This type of transaction should be viewed as a compensation-related award rather than an active bullish or bearish market signal.