Form 4: Chicago Atlantic Real Estate Finance Co-CEO Peter Sack Awarded Restricted Stock

Peter Sack, Co-CEO of Chicago Atlantic Real Estate Finance, was awarded 28,398 restricted shares of common stock on April 1, 2025, under the company's 2021 Omnibus Incentive Plan.

Summary

• On April 1, 2025, Peter Sack, Co-Chief Executive Officer of Chicago Atlantic Real Estate Finance, Inc., received 28,398 restricted shares of common stock.
• The shares were granted under the company's 2021 Omnibus Incentive Plan.
• The restricted shares will vest in three equal installments over a three-year period, with one-third vesting after 12 months, 24 months, and 36 months, respectively.
• Following the transaction, Mr. Sack directly owns 73,107 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of restricted stock is a common practice and signals confidence in the company's future performance. It also aligns management's interests with shareholders.

Positives

• The granting of restricted stock aligns Mr. Sack's interests with those of the shareholders, incentivizing him to improve the company's performance over the long term.

Future Outlook

The vesting schedule of the restricted shares extends over a three-year period, suggesting a long-term commitment from the Co-CEO.

Industry Context

The granting of restricted stock is a common practice in the real estate finance industry to incentivize executives and align their interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the granting of restricted stock positively as it aligns management's interests with their own.

Key Dates

Keywords

restricted stock, Form 4, beneficial ownership, Peter Sack, Chicago Atlantic Real Estate Finance, REFI, Co-CEO, equity compensation