Broadmark Realty Capital (BRMK) executive Hermes returned to the company 226,052 shares

Insider transactions reported

Jonathan Ray Hermes (executive at Broadmark Realty Capital Inc., BRMK) reported that they returned to the company 226,052 shares on May 31, 2023. After these transactions the filing shows 0 shares held directly.

Reporting person

Hermes Jonathan Ray

Holdings before and after

• Common Stock: 226,052 to 0 direct

Footnotes from the filing

1. 1. Pursuant to the Agreement and Plan of Merger, dated as of February 26, 2023 (the Agreement ), by and among Ready Capital Corporation, a Maryland corporation ( Parent ), RCC Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Parent ( Merger Sub ), and the Issuer, effective May 31, 2023 (the Effective Time ), the Issuer was merged with and into Merger Sub with Merger Sub continuing as the surviving company and a subsidiary of Parent.
2. 2. Consists of 226,052 restricted stock units ( RSUs ) unvested immediately prior to the Effective Time. Each RSU represented a contingent right to receive one share of the Issuer's common stock ( Common Stock ) upon vesting.
3. 3. Pursuant to the Agreement, at the Effective Time, each Issuer RSU outstanding, whether vested or unvested, was assumed by Parent and converted into an award of RSUs with respect to a number of shares of Parent's common stock equal to the product of (i) the total number of shares of Common Stock subject to such RSUs as of immediately prior to the Effective Time and (ii) 0.47233 (rounded to the nearest whole share), on the same terms and conditions as were applicable to such RSUs as of immediately prior to the Effective Time.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

FAQ