Phillip John Kardis II - 31 Dec 2023 Form 4 Insider Report for CHIMERA INVESTMENT CORP (CIM)

Role
Chief Executive Officer, Director
Signature
/s/ Phillip J. Kardis II
Issuer symbol
CIM
Transactions as of
31 Dec 2023
Transactions value $
-$19,167
Form type
4
Filing time
03 Jan 2024, 18:05:03 UTC
Previous filing
29 Mar 2023
Next filing
18 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIM Common Stock Award $0 +29.3K +5.14% $0.00 600K 31 Dec 2023 Direct F1
transaction CIM Common Stock Tax liability -$19.2K -3.84K -0.64% $4.99 596K 31 Dec 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of shares of Chimera common stock underlying performance stock units ("PSUs") and the dividend equivalent rights ("DERs") accrued on such PSUs since the grant date. Each PSU is the economic equivalent of one share of Chimera common stock. The reporting person elected to defer share settlement until separation of service (such deferred share units are referred to as "DSUs") and does not intend to report the actual delivery of such DSUs.
F2 Shares reported were withheld for payment of taxes associated with the vesting of prior grants of restricted stock units ("RSUs").
F3 Dividend equivalent rights ("DERs") issued on RSUs, PSUs and DSUs are included in the reporting person's common stock holding balance. Each DER is the economic equivalent of one share of Chimera common stock.