Form 4: Claros Mortgage Trust CFO Mike McGillis Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mike McGillis, President and CFO of Claros Mortgage Trust, sold shares to cover tax obligations related to the net settlement of vested Restricted Stock Units.
Summary
- On August 12, 2024, Mike McGillis, the President and CFO of Claros Mortgage Trust, Inc. (CMTG), disposed of 23,589 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the net settlement of vested Restricted Stock Units.
- The shares were sold at a price of $8.41 per share.
- Following the transaction, McGillis directly owns 451,830 shares of CMTG.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency of trading activity by corporate insiders.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of the transaction where shares were disposed of. |
| 08/14/2024 | Date of signature on the Form 4 filing. |
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