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Chimera Announces Inducement Grants Under NYSE Rule 303A.08
NEW YORK, October 01, 2025--Chimera Investment Corporation ("Chimera") announced today that the Compensation Committee of its Board of Directors approved grants of restricted stock units ("RSUs"), effective October 1, 2025, representing an aggregate of up to 533,391 shares of Chimera common stock under the Chimera Investment Corporation 2025 Inducement Award Plan (the "Award Plan") to up to 300 individuals offered employment with Chimera in connection with Chimera’s acquisition of HomeXpress Mor
About this update from Chimera Investment Corporation
[{"type":"text","content":"NEW YORK, October 01, 2025--(BUSINESS WIRE)--Chimera Investment Corporation ("Chimera") announced today that the Compensation Committee of its Board of Directors approved grants of restricted stock units ("RSUs"), effective October 1, 2025, representing an aggregate of up to 533,391 shares of Chimera common stock under the Chimera Investment Corporation 2025 Inducement Award Plan (the "Award Plan") to up to 300 individuals offered employment with Chimera in connection with Chimera’s acquisition of HomeXpress Mortgage Corp. ("HomeXpress").","length":584,"tagName":"p"},{"type":"text","content":"In accordance with NYSE Rule 303A.08, the grants are being made exclusively to individuals who are currently employed by HomeXpress as a material inducement to such individual’s continued service following Chimera’s acquisition of HomeXpress, which closed on October 1, 2025. The Award Plan reserves up to 540,000 shares of Chimera common stock to be used for inducement grants.","length":378,"tagName":"p"},{"type":"text","content":"Each grant of RSUs will generally vest in full upon the third anniversary of the grant date, subject to the recipient’s continued service through such vesting date. All of the RSU awards are subject to the terms of the Award Plan and the grant agreements covering such awards.","length":276,"tagName":"p"},{"type":"text","content":"About Chimera Investment Corporation","length":36,"tagName":"p"},{"type":"text","content":"Chimera is a publicly traded real estate investment trust, or REIT, whose principal business objective is to provide attractive risk-adjusted returns and distributable income through investment performance linked to mortgage credit fundamentals. Chimera is primarily engaged in the business of investing for its own account and on behalf of third-party clients through its investment management and advisory services activities. Chimera invests, directly or indirectly, generally on a levered basis in diversified portfolios of mortgage assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, Agency CMBS, MSRs, business purpose and investor loans, including RTLs, and other real estate-related assets.","length":722,"tagName":"p"},{"type":"text","content":"Cautionary Note Regarding Forward-Looking Statements","length":52,"tagName":"p"},{"type":"text"...