Director P. Sherrill Neff receives 5,555 restricted ACR shares in equity grant
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
NEFF P SHERRILL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,555 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,006 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ACRES Commercial Realty (ACR) report for P. Sherrill Neff?
ACRES Commercial Realty reported that director P. Sherrill Neff received a grant of 5,555 shares of restricted common stock. The award was recorded at a price of zero, reflecting equity compensation rather than a market purchase, and increased his direct holdings to 31,006 shares.
Is the ACR Form 4 transaction for P. Sherrill Neff a market purchase or a compensation grant?
The Form 4 shows the transaction as a grant, award, or other acquisition, not a market purchase. The 5,555 restricted shares were granted under ACRES Commercial Realty’s Third Amended & Restated Omnibus Equity Compensation Plan, with a reported per-share price of 0.0000.