Macdowell Jack Lee Jr 4

What Happened
Macdowell Jack Lee Jr., Chief Investment Officer of Chimera Investment Corporation (CIM), had 12,200 shares withheld on Feb 17, 2026 to satisfy tax obligations tied to the vesting of prior restricted stock units (RSUs). The shares were valued at $13.70 each, for a total of $167,140. This filing reports a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: Feb 17, 2026 — 12,200 shares @ $13.70 each (total ≈ $167,140).
• Transaction type/code: F (shares withheld to pay tax liability related to RSU vesting).
• Shares owned after transaction: Not specified in the provided summary — see the Form 4 for the reporting person’s updated holding balance.
• Footnotes: F1 — shares were withheld to pay taxes on vested RSUs; F2 — dividend equivalent rights (DERs) tied to RSUs/PSUs are included in the reporting person’s common stock holding balance (each DER equals one share economically).
• Filing date vs. transaction date: Form 4 filed Feb 19, 2026 for a Feb 17 transaction (no late‑filing flag indicated in the provided data).

Context
This was a routine cashless withholding to cover taxes from RSU vesting, which reduces the insider’s outstanding share count but is common and not the same as a voluntary open‑market sale. DERs mentioned in the footnote represent dividend equivalents and are treated as part of the insider’s reported share holdings.