Alan Gardner - Apr 21, 2023 Form 4 Insider Report for Community Healthcare Trust Inc (CHCT)

Role
Director
Signature
/s/ Nathanael P. Kibler, Attorney-in-fact
Stock symbol
CHCT
Transactions as of
Apr 21, 2023
Transactions value $
$20,032
Form type
4
Date filed
4/21/2023, 04:07 PM
Previous filing
Mar 13, 2023
Next filing
May 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHCT Common Stock Award $20K +552 +1.14% $36.29 48.9K Apr 21, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 6, 2023, the Company's board of directors approved increasing the lead director's fee payable to the reporting person in connection with his appointment as Chairman. The reporting person has elected to take 100% of such fee increase in the form of shares of restricted stock with a three-year restriction period. Because the reporting person elected to take his fee increase in shares of restricted stock in lieu of cash, the Company awarded him additional shares of restricted stock, equal to 60% of the value of such fee increase. The price of the securities acquired by the reporting person with respect to the fee increase is based upon the 10 day average stock price of the common stock for the 10 trading days immediately preceding April 21, 2023, which is equal to $36.29. The number of securities issued is equal to the prorated fee increase plus the value of the additional shares divided by such 10-day average stock price.Remarks