Form 4: Chimera Investment Corp: Chief Legal Officer Reports Stock Transaction
SEC Form 4 Filing
Miyun Sung, Chief Legal Officer & Secretary of Chimera Investment Corp, reports disposition of shares to cover taxes related to vesting of restricted stock units.
Summary
- On February 21, 2025, Miyun Sung, the Chief Legal Officer & Secretary of Chimera Investment Corp, disposed of 591 shares of common stock to cover taxes associated with the vesting of restricted stock units.
- The transaction was executed at a price of $13.76 per share.
- Following the transaction, Sung directly owns 36,156 shares of Chimera Investment Corp.
- The reported holdings include dividend equivalent rights (DERs) issued on RSUs, performance stock units, and deferred stock units, with each DER being the economic equivalent of one share of Chimera common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to a routine stock transaction for tax purposes. It doesn't indicate any positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, common when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of stock transaction (disposal of shares). |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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