DeBacker Nathan David 4
4 · CIM REAL ESTATE FINANCE TRUST, INC. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
CIM Real Estate Finance Trust CFO Nathan DeBacker Receives Vesting Award
What Happened
Nathan David DeBacker, Chief Financial Officer and Treasurer of CIM Real Estate Finance Trust, reported vesting of 12,771.392 restricted stock units (RSUs) on April 15, 2026. Under the award terms, 50% of the vested RSUs were settled in shares (6,385.696 shares acquired) and 50% were settled in cash (recorded on the Form 4 as a derivative disposition at $0). This was a vesting/settlement of an equity award, not an open-market purchase or sale.
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely).
- Acquired: 6,385.696 shares via RSU settlement (no purchase price reported).
- Disposed (cash settlement): 12,771.392 RSUs shown as a derivative disposition at $0 on the Form 4 (represents the cash portion of the settlement, not a market sale).
- Shares owned after transaction: not specified in the filing.
- Notable footnotes: Each RSU equals one contingent right to one share and vests/settles 50% in common stock and 50% in cash. Remaining unvested RSUs reported in the filing total ~63,189.041 units across prior grants with scheduled future vesting dates (Dec 15, 2026; June 30, 2026 & 2027; April 15, 2027 & 2028).
Context
- This report documents routine RSU vesting and mixed settlement (half stock, half cash). The "Disposed" line reflects cash settlement of the vested RSUs, not an open-market sale — therefore it should not be interpreted as a bearish insider sale.
Insider Transaction Report
Form 4
DeBacker Nathan David
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-15+6,385.696→ 20,419.553 total - Exercise/Conversion
Restricted Stock Units
[F2][F1][F3]2026-04-15−12,771.392→ 63,189.041 total→ Common Stock (12,771.392 underlying)
Footnotes (3)
- [F1]On April 15, 2026, the reporting person acquired 6,385.696 shares of the Issuer's common stock in connection with the vesting of 12,771.392 of the restricted stock units originally granted to the reporting person on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 25,542.784 restricted stock units originally granted to the reporting person on April 14, 2025 will vest in equal installments on April 15, 2027 and April 15, 2028. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, payable 50% in the Issuer's common stock and 50% in the cash value thereof.
- [F3]Represents the remaining 18,489.170 restricted stock units originally granted to the reporting person on January 9, 2024, which will vest on December 15, 2026, the remaining 19,157.087 restricted stock units originally granted to the reporting person on November 12, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the remaining 25,542.784 restricted stock units originally granted to the reporting person on April 14, 2025, which will vest in equal annual installments on April 15, 2027 and April 15, 2028.
Signature
/s/ Nathan D. DeBacker|2026-04-16