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CIM REAL ESTATE FINANCE TRUST, INC.·4

Apr 17, 4:39 PM ET

RESSLER RICHARD S 4

Research Summary

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CIM Real Estate Finance Trust CEO Richard Ressler Receives RSU Settlement

What Happened

  • Richard S. Ressler (CEO, President & Director) reported the vesting and settlement of restricted stock units (RSUs) tied to the issuer. On April 15, 2026 a total of 716,083.608 RSUs vested. Per the award terms each vested RSU was settled 50% in common stock and 50% in cash, resulting in 358,041.804 shares issued to the Manager and a cash payment for the remaining half. The Form 4 shows conversion/exercise of the derivative award and subsequent zero-price dispositions that reflect settlement/distribution (not an open-market sale).

Key Details

  • Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (filed timely).
  • Vesting amount: 716,083.608 RSUs vested; 358,041.804 shares issued (50% stock) and the other 50% paid in cash.
  • Reported prices: shares reported at N/A or $0 in the filing because awards were settled 50% in-kind and 50% in cash (not an open-market purchase/sale).
  • Shares ownership after transaction: the issued shares are owned directly by CIM Real Estate Finance Management, LLC (the "Manager"); the Form 4 does not list a separate post-transaction total for Ressler individually.
  • Notable footnotes: (F1/F6) each RSU equals one share payable 50% in stock and 50% cash; (F3) some of the reported shares may have been distributed by the Manager to employees or affiliated persons; (F7) substantial additional RSU tranches remain unvested and scheduled to vest in future years.
  • Beneficial ownership notes: reported securities are held directly by the Manager; other named principals of CIM Group may be deemed to have indirect pecuniary interests but disclaim beneficial ownership (see footnotes).

Context

  • This was a vesting/settlement of compensation RSUs (derivative conversion), not an open-market buy or sell. The zero-dollar dispositions reflect internal settlement/distribution mechanics rather than market sales. For retail investors, RSU vesting is routine compensation and does not necessarily indicate the insider is buying or selling shares for investment reasons.