Form 4: Chimera Investment Corp Director Acquires Shares Through Restricted Stock Units

Director Gerard Creagh acquired shares of Chimera Investment Corp through restricted stock units, which are scheduled to vest on the earlier of June 5, 2025, or the date of the next annual stockholders meeting.

Summary

• On June 5, 2024, Gerard Creagh, a director of Chimera Investment Corp, acquired 10,231 shares of common stock through restricted stock units (RSUs).
• These RSUs will vest on the earlier of June 5, 2025, or the date of the next annual stockholders meeting and will be settled in shares of Chimera common stock.
• Creagh has elected to defer 100% of the shares under the Company Stock Deferral Plan until separation from service.
• Following the transaction, Creagh beneficially owns 115,899 shares of Chimera common stock.
• The total share numbers reflect a 1-for-3 reverse stock split that became effective following the close of business on May 21, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director, which doesn't inherently indicate positive or negative sentiment.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The reporting person does not intend to report the vesting of the RSUs nor the delivery of the shares of common stock.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Key Dates