Derrick D. Cephas - Jun 1, 2022 Form 4 Insider Report for Claros Mortgage Trust, Inc. (CMTG)

Role
Director
Signature
/s/ Jeffrey D. Siegel, Attorney-in-Fact for Derrick D. Cephas
Stock symbol
CMTG
Transactions as of
Jun 1, 2022
Transactions value $
$0
Form type
4
Date filed
6/3/2022, 06:05 PM
Previous filing
Nov 4, 2021
Next filing
Jun 5, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CMTG DEFERRED STOCK UNITS Award $0 +4.88K $0.00 4.88K Jun 1, 2022 COMMON STOCK 4.88K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents annual director grant of restricted stock units, which have been deferred by the Reporting Person under the Issuer's Deferred Compensation Plan ("DCP") and thus are reported as Deferred Stock Units ("DSUs"). The DSUs vest on the earlier to occur of (i) the first anniversary of the grant date and (ii) the date of the next annual meeting following the grant date, subject to continued service with the Company through such date. The Vested DSUs convert into shares of Common Stock on a one-for-one basis, or at the election of the Issuer into cash, following the deferral period as defined in the DCP. The DSUs have no expiration date.