Chimera CEO Phillip Kardis Withholds 127,168 Shares for Taxes

What Happened

• Phillip John Kardis II, President & CEO (and Director) of Chimera Investment Corporation (CIM), had 127,168 shares withheld to satisfy tax withholding on vested performance stock units (PSUs) and restricted stock units (RSUs). The shares were valued at $13.70 each, totaling $1,742,202. This is a tax-withholding disposition (routine), not an open-market sale.

Key Details

• Transaction date: 2026-02-17
• Transaction type/code: Payment of tax liability via share withholding (Code F)
• Price per share: $13.70
• Shares withheld/ disposed: 127,168
• Reported value: $1,742,202
• Filing date: 2026-02-19 (filed promptly; appears timely)
• Shares owned after transaction: Not specified in the provided excerpt of the filing
• Footnotes: F1 — shares were withheld to pay taxes on vested PSUs and RSUs; F2 — dividend equivalent rights on RSUs/PSUs are counted as equivalent to one share in the reporting person's holdings

Context

• Withholding shares to cover taxes is a common administrative action when equity awards vest and generally does not signal the insider buying or selling for investment reasons. This was not an open-market sale.