Schreiber Jason K 4
Research Summary
AI-generated summary
CIM Group Director Jason K. Schreiber Receives 35,116 RSU Award
What Happened
Jason K. Schreiber, a director of CIM Group, was granted 35,116.732 restricted stock units (RSUs) on June 25, 2026. The award is reported as a derivative acquisition at $0.00 per unit (no immediate cash cost). Each RSU represents a contingent right to one share of CIM common stock; when paid, 50% will be delivered as shares and 50% as the cash value of the shares. This is an equity award (grant), not an open-market purchase or sale.
Key Details
- Transaction date: June 25, 2026; Form 4 filed June 29, 2026.
- Transaction type/code: Award/Grant (A); 35,116.732 RSUs granted at $0.00 (derivative).
- Vesting: RSUs vest in three equal annual installments beginning April 15, 2027 (per footnote).
- Payment: Upon vesting each RSU pays 50% in common stock and 50% in cash value.
- Shares owned after transaction: Not specified in the filing.
- Grant was made to CIM Real Estate Finance Management, LLC and is assigned to the reporting person contingently upon vesting (per footnote).
Context
RSU grants are compensation awards and do not necessarily signal immediate buying or selling intent; they convert to shares (and cash) only as they vest. Because this is a derivative RSU award with staged vesting, the economic benefit to the director depends on future vesting dates and the company’s share price at those times.