4//SEC Filing
RESSLER RICHARD S 4
Accession 0001498547-24-000083
CIK 0001498547other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 5:52 PM ET
Size
12.8 KB
Accession
0001498547-24-000083
Insider Transaction Report
Form 4
RESSLER RICHARD S
DirectorCEO & President
Transactions
- Exercise/Conversion
Common Stock
2024-12-15+370,311.675→ 390,311.675 total(indirect: By LLC) - Other
Common Stock
2024-12-15−370,311.675→ 20,000 total(indirect: By LLC) - Exercise/Conversion
Restricted Stock Units
2024-12-15−740,623.349→ 2,545,647.859 total(indirect: By LLC)→ Common Stock (740,623.349 underlying)
Holdings
- 911,141.268(indirect: By LLC)
Common Stock
Footnotes (6)
- [F1]On December 15, 2024, CIM Real Estate Finance Management, LLC (the "Manager") acquired 370,311.675 shares of the Issuer's common stock in connection with the vesting of 740,623.349 of the restricted stock units originally granted to the Manager on January 9, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 1,481,246.699 restricted stock units granted to the Manager on January 9, 2024 will vest in equal annual installments on December 15, 2025 and December 15, 2026, in each case subject to the Manager's continued service as the Issuer's external manager. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.
- [F2]The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]Represents shares of the Issuer's common stock distributed by the Manager to certain employees and/or other persons having an affiliation with the Manager.
- [F4]The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by CIM CMFT MLP, LLC because of their positions with CIM Group, LLC, which owns and controls CIM CMFT MLP, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F5]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, payable 50% in the Issuer's common stock and 50% in the cash value thereof.
- [F6]Represents the remaining 1,481,246.699 restricted stock units originally granted to the Manager on January 9, 2024, which will vest in equal annual installments on December 15, 2025 and December 15, 2026, and the 1,064,401.16 restricted stock units originally granted to the Manager on July 29, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan, which will vest in three equal annual installments beginning on June 30, 2025.
Documents
Issuer
CIM REAL ESTATE FINANCE TRUST, INC.
CIK 0001498547
Entity typeother
Related Parties
1- filerCIK 0000904290
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 5:52 PM ET
- Size
- 12.8 KB