Richard Mack - 14 Jun 2022 Form 4 Insider Report for Claros Mortgage Trust, Inc. (CMTG)

Role
CEO and Chairman, Director
Signature
/s/ Jeffrey D. Siegel, Attorney-in-Fact for Richard Mack
Issuer symbol
CMTG
Transactions as of
14 Jun 2022
Transactions value $
$0
Form type
4
Filing time
16 Jun 2022, 19:45:12 UTC
Previous filing
20 Dec 2021
Next filing
03 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMTG COMMON STOCK Award $0 +764,463 +68.24% $0 1,884,656 14 Jun 2022 Direct F1
holding CMTG COMMON STOCK 1,500,000 14 Jun 2022 By CMTG Holdings F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock units ("RSUs"), which vest into shares of Common Stock on a one-for-one basis. The RSUs vest with respect to 1/3rd of the RSUs subject thereto on each of the 1st through 3rd anniversaries of July 1, 2022, subject to continued employment or service as provided in the award agreement.
F2 Consists of 1,500,000 shares of common stock held by Mack CMTG Holdings LLC, a Delaware limited liability company ("Mack CMTG Holdings"). Mr. Mack is one of two managing members of Mack CMTG Holdings and thus is deemed to beneficially own the shares held by Mack CMTG Holdings. Mr. Mack disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.