Gardner Alan 4

What Happened

• Alan Gardner, a director of Community Healthcare Trust (CHCT), was awarded 7,661 shares of restricted common stock on 2026-05-21. The shares were valued at $17.23 each for a total value of $131,999. The transaction is reported as an award/grant (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-21; 7,661 shares at $17.23 per share (10-day average price).
• Total value: $131,999.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Award type and restrictions: Restricted stock with a three-year restriction period (vesting/transfer limits).
• Footnote: Gardner elected to take 50% of his 2026 board retainer in restricted shares. Because of that election, the company awarded additional restricted shares equal to 60% of the deferred retainer’s value; the number of shares issued was calculated by dividing the combined value by the 10-day average price ($17.23). (See footnote F1.)
• Filing timeliness: Form filed 2026-05-26, five days after the grant date and one business day past the typical two-business-day Form 4 filing window, so the report appears to be late.

Context

• This was a compensation-related award (deferred board retainer converted to restricted stock), not an open-market purchase or sale. Such awards are common for directors choosing stock-based pay and are meant to align interests with shareholders; they do not, by themselves, indicate a change in insider sentiment.