Form 4: Chimera Investment Director Kevin Chavers Granted Restricted Stock Units

Chimera Investment Corporation Director Kevin Gerald Chavers was granted 9,685 restricted stock units, increasing his total beneficial ownership to 38,034 shares.

Summary

• Kevin Gerald Chavers, a Director of Chimera Investment Corp (CIM), acquired 9,685 shares of common stock in the form of Restricted Stock Units (RSUs).
• The transaction occurred on June 10, 2025.
• These RSUs were granted at a price of $0, indicating they are part of compensation.
• Following this transaction, Mr. Chavers beneficially owns a total of 38,034 shares of Chimera common stock.
• The RSUs are scheduled to vest on the earlier of June 10, 2026 (the first anniversary of the grant date) or the date of the Company's next annual stockholders meeting.
• Upon vesting, the RSUs will be settled 100% in shares of Chimera common stock.

Sentiment

Score: 6

Explanation: The grant of RSUs to a director is a positive sign of alignment between management and shareholder interests, though it's a routine compensation event rather than a significant strategic development.

Positives

• The grant of Restricted Stock Units to a director aligns management's interests with those of shareholders.
• The increase in beneficial ownership by a director demonstrates continued commitment to the company.

Future Outlook

The 9,685 Restricted Stock Units granted to Director Kevin Gerald Chavers are scheduled to vest on the earlier of June 10, 2026, or the date of the next annual stockholders meeting, and will be settled in common stock.

Industry Context

This filing is a routine disclosure of an insider equity transaction, common across all publicly traded companies as a form of executive and director compensation. It does not provide insights into broader industry trends.

Related Party Transactions

• The acquisition of 9,685 Restricted Stock Units by Director Kevin Gerald Chavers is a transaction between the company and a related party (a director) as part of his compensation package.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Next Steps

• Vesting of the 9,685 Restricted Stock Units on the earlier of June 10, 2026, or the next annual stockholders meeting.
• Settlement of the vested RSUs into shares of Chimera common stock.

Key Dates

Keywords

Chimera Investment Corp, CIM, Kevin Gerald Chavers, Director, Restricted Stock Units, RSU, Insider Transaction, SEC Form 4, Beneficial Ownership, Equity Compensation