ACRES director granted 5,555 restricted ACR shares
ACRES Commercial Realty Corp. director granted restricted stock ACRES Commercial Realty Corp. director P. Sherrill Neff reported an acquisition of 5,555 shares of common stock as a grant or award.
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. director granted restricted stock
ACRES Commercial Realty Corp. director P. Sherrill Neff reported an acquisition of 5,555 shares of common stock as a grant or award. The transaction price is shown as zero, indicating it is part of equity compensation rather than an open-market purchase.
According to the footnote, these are restricted shares granted under the company’s Third Amended & Restated Omnibus Equity Compensation Plan. The shares will vest over four years, with 25% vesting each year beginning on March 5, 2027, in connection with Neff’s service as a director and without additional consideration. After this grant, Neff directly holds 31,006 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,555 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reporting person has been granted 5,555 shares of restricted common stock under the Issuer's Third Amended & Restated Omnibus Equity Compensation Plan. These shares will vest over four years, with 25% vesting per year beginning on March 5, 2027, and are receivable on account of the reporting person's service as a director of the Company and without additional consideration.
FAQ
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What insider transaction did ACRES Commercial Realty (ACR) report for P. Sherrill Neff?
Is the ACR Form 4 transaction for P. Sherrill Neff a market purchase or a compensation grant?
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