January 12, 2024 · Form 4 insider transaction
Monroe William G. IV bought 18,987 shares of Community Healthcare Trust Inc at $26.04 per share, a transaction worth $494.4K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 0 days after the transaction.
For 2024, the reporting person agreed to take 50% of his salary in shares of restricted stock with an eight-year restriction period. Because the reporting person elected to take 50% of his base salary for 2024 in shares of restricted stock, the Company awarded Mr. Monroe additional compensation, in restricted stock, equal to 50% of his annual salary. The price of the securities acquired by the reporting person is based on the average price of the Company's common stock for the 10 trading days immediately preceding January 12, 2024, which was $26.04. The number of securities issued is equal to 50% of the total salary, plus the additional shares awarded, divided by such price.