Derrick D. Cephas - Jun 1, 2023 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, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/5/2023, 05:47 PM
Previous filing: Jun 3, 2022
Next filing: Aug 1, 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	+9.76K		$0.00	9.76K	Jun 1, 2023	COMMON STOCK	9.76K		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.

Content

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.