Form 4: Chicago Atlantic Real Estate Finance Director Konigsberg Receives Restricted Stock Award
SEC Form 4 Filing
Brandon Konigsberg, a director at Chicago Atlantic Real Estate Finance, was awarded 5,071 restricted shares of common stock on April 1, 2025, under the company's 2021 Omnibus Incentive Plan.
Summary
- On April 1, 2025, Brandon Konigsberg, a director of Chicago Atlantic Real Estate Finance, Inc., received 5,071 restricted shares of common stock.
- The shares were granted under the company's 2021 Omnibus Incentive Plan.
- The restricted shares will vest over a one-year period, according to the award agreement.
- Following the transaction, Mr. Konigsberg beneficially owns 20,546 shares of common stock.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.
Positives
- The granting of restricted stock aligns the director's interests with those of the shareholders.
- The vesting period encourages long-term commitment from the director.
Future Outlook
The document does not contain any specific forward-looking statements.
Industry Context
This type of stock award is a common practice in the real estate finance industry to incentivize and retain key personnel.
Comparison to Industry Standards
- Stock awards are a typical component of executive compensation packages in the real estate finance industry.
- Companies like Blackstone and Starwood Property Trust also utilize stock-based compensation to align management interests with shareholder value.
- The vesting schedule of one year is relatively standard for restricted stock awards.
Stakeholder Impact
- Shareholders may view the stock award positively as it aligns the director's interests with the company's performance.
- Employees may see this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of the transaction: Mr. Konigsberg was awarded 5,071 restricted shares of common stock. |
| 04/03/2025 | Date of signature on the Form 4 filing. |
Keywords
restricted stock, Form 4, beneficial ownership, Chicago Atlantic Real Estate Finance, Konigsberg, director, REFI, incentive plan, vesting
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