Form 4: Chimera Investment Corp CEO Phillip John Kardis II Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Phillip John Kardis II, CEO of Chimera Investment Corp, reports the disposal of 3,623 shares of common stock to cover tax obligations related to vesting performance stock units and restricted stock units.
Summary
- On February 21, 2025, Phillip John Kardis II, the President and CEO of Chimera Investment Corp, reported a transaction involving the disposal of 3,623 shares of common stock.
- The shares were disposed of to cover tax obligations associated with the vesting of prior grants of performance stock units (PSUs) and restricted stock units (RSUs).
- The transaction was executed at a price of $13.76 per share.
- Following the transaction, Kardis directly owns 470,168 shares of Chimera Investment Corp.
- The reported holdings include DERs (dividend equivalent rights) issued on RSUs, PSUs, and deferred stock units, each DER being the economic equivalent of one share of Chimera common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of the transaction (disposal of shares). |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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