Form 4: Claros Mortgage Trust Executive Settles Restricted Stock Units for Tax Obligations
SEC Form 4 Filing
Jeffrey D. Siegel, EVP, General Counsel, and Secretary of Claros Mortgage Trust, Inc., settled restricted stock units to cover tax obligations on May 10, 2024.
Summary
- On May 10, 2024, Jeffrey D. Siegel, EVP, General Counsel, and Secretary of Claros Mortgage Trust, Inc. [CMTG], engaged in a transaction involving common stock.
- The transaction involved the net settlement of vested Restricted Stock Units (RSUs) to satisfy tax withholding obligations.
- Siegel disposed of 5,530 shares at a price of $8.34 per share.
- Following the transaction, Siegel beneficially owns 162,241.774 shares of common stock directly.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes associated with vesting equity awards.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of transaction: net settlement of vested Restricted Stock Units. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
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