other material
confidence high
sentiment neutral
materiality 0.50
Community Healthcare Trust increases restricted share reserve by 500,000 under Alignment Program
Community Healthcare Trust Inc
- Board approved Second Amended and Restated Alignment of Interest Program on May 5, 2022.
- Additional 500,000 restricted shares reserved, bringing total pool to 1,000,000 shares.
- Previously 454,964 restricted shares had been issued under the prior program.
- Program allows eligible employees, officers, and directors to elect restricted stock in lieu of cash compensation.
- Restricted shares vest over multi-year periods (up to 8 years) with multiplier awards.