Form 4: Community Healthcare Trust Director Alan Gardner Acquires Shares as Part of Board Retainer

Director Alan Gardner acquired 15,865 shares of Community Healthcare Trust Inc. as part of his 2025 board retainer, electing to receive shares of restricted stock in lieu of cash.

Summary

• On May 15, 2025, Alan Gardner, a director of Community Healthcare Trust Inc., acquired 15,865 shares of common stock.
• The shares were acquired as part of his 2025 board retainer, which he elected to receive in the form of restricted stock.
• The price per share was $16.64, based on the ten-day average stock price.
• Gardner now beneficially owns 90,638 shares following the transaction.
• The shares are subject to a three-year restriction period.
• The company awarded him additional shares of restricted stock, equal to 60% of the value of the Board retainer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director increasing their stake in the company is generally viewed favorably, as it aligns their interests with shareholders. The fact that the director elected to take shares in lieu of cash is a positive sign.

Positives

• The director's decision to take his board retainer in stock aligns his interests with those of shareholders.
• The acquisition increases his stake in the company to 90,638 shares.

Industry Context

Directors receiving equity as part of their compensation is a common practice in the industry to align their interests with shareholders.

Comparison to Industry Standards

• Many REITs (Real Estate Investment Trusts) compensate board members with a mix of cash and equity.
• Equity compensation is often structured as restricted stock or stock options with vesting schedules to incentivize long-term performance.
• The specific amount and structure of equity compensation can vary widely based on company size, performance, and industry norms.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive sign of confidence in the company's future.

Key Dates

Keywords

Community Healthcare Trust, Director, Share Acquisition, Form 4, Restricted Stock, Board Retainer, Alan Gardner