Derrick D. Cephas - 04 Jun 2024 Form 4 Insider Report for Claros Mortgage Trust, Inc. (CMTG)

Role: Director
Signature: /s/ Jeffrey D. Siegel, Attorney-in-Fact for Derrick D. Cephas
Issuer symbol: CMTG
Transactions as of: 04 Jun 2024
Net transactions value: $0
Form type: 4
Filing time: 06 Jun 2024, 19:53:08 UTC
Previous filing: 01 Aug 2023
Next filing: 06 Jun 2025
SEC: View on sec.gov

Key filing fact

Derrick D. Cephas filed Form 4 for Claros Mortgage Trust, Inc. (CMTG) on 06 Jun 2024.

Key facts

This page summarizes Derrick D. Cephas's Form 4 filing for Claros Mortgage Trust, Inc. (CMTG).
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 06 Jun 2024, 19:53.

Change

Previous filing in this sequence was filed on 01 Aug 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

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

CMTG transaction Derivative

DEFERRED STOCK UNITS

Award

Transaction value: $0
Shares: +14,869
Change %
Price: $0.000000
Shares after: 14,869
Date: 04 Jun 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 14,869
Exercise price
Footnotes: 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.