Form 4: Chimera Legal Officer Sells Shares for Tax Obligations
Insider Transaction Report
Chimera Investment Corp's Chief Legal Officer, Miyun Sung, disposed of 2,586 common shares at $12.79 each to cover tax liabilities from vested equity awards.
Summary
- Miyun Sung, Chief Legal Officer & Secretary of Chimera Investment Corporation (CIM), reported a disposition of common stock.
- On December 1, 2025, 2,586 shares of common stock were disposed of at a price of $12.79 per share.
- These shares were withheld by the issuer to cover tax obligations related to the settlement of deferred shares.
- The deferred shares originated from the vesting of previously granted performance stock units (PSUs) and restricted stock units (RSUs).
- This transaction occurred due to the liquidation of the Stock Award Deferral Program on November 30, 2025, as previously disclosed in Chimera's Annual Report on Form 10-K for the year ended December 31, 2024.
- Following this transaction, Miyun Sung beneficially owns 36,794 shares of Chimera common stock, which includes dividend equivalent rights (DERs).
Sentiment
Score: 5
Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to executive compensation, with no material positive or negative implications for the company's operations or financial health.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Industry Context
This is a routine insider transaction related to executive compensation and tax obligations, common across publicly traded companies when equity awards vest. It does not reflect broader industry trends or competitive positioning.
Comparison to Industry Standards
- This is a standard tax withholding transaction upon vesting of equity awards, a common practice in executive compensation across industries. No specific comparable companies or projects are relevant for this type of filing.
Stakeholder Impact
- Shareholders: Minimal impact. This is a routine, non-discretionary transaction for tax purposes and does not indicate a change in management's confidence or company performance.
- Employees: No direct impact on general employees.
Key Dates
| Date | Description |
|---|---|
| 11/30/2025 | Liquidation of the Stock Award Deferral Program. |
| 12/01/2025 | Date of common stock disposition for tax payment. |
| 12/02/2025 | Signature date of the reporting person. |
Keywords
Chimera Investment Corp, CIM, Miyun Sung, Form 4, insider transaction, stock disposition, tax withholding, equity awards, PSU, RSU, beneficial ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.