STOCK TITAN

Director P. Sherrill Neff receives 5,555 restricted ACR shares in equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
NEFF P SHERRILL

(Last) (First) (Middle)
390 RXR PLAZA

(Street)
UNIONDALE NY 11556

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ACRES Commercial Realty Corp. [ ACR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/05/2026 A 5,555 A $0(1) 31,006 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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.
/s/ Julie Wilson, attorney-in-fact 03/06/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How do the 5,555 restricted shares for ACR director P. Sherrill Neff vest?

The 5,555 restricted common shares granted to director P. Sherrill Neff vest over four years. The footnote states that 25% vests each year beginning on March 5, 2027, aligning the equity award with his continued service on ACRES Commercial Realty’s board.

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.

What is P. Sherrill Neff’s total ACRES Commercial Realty (ACR) share ownership after the grant?

Following the reported equity grant, director P. Sherrill Neff directly owns 31,006 shares of ACRES Commercial Realty common stock. This total includes the 5,555 restricted shares granted under the company’s omnibus equity compensation plan, subject to the stated vesting schedule.

Under which plan were the 5,555 restricted ACR shares granted to director P. Sherrill Neff?

The 5,555 restricted common shares awarded to director P. Sherrill Neff were granted under ACRES Commercial Realty’s Third Amended & Restated Omnibus Equity Compensation Plan. The grant compensates his service as a director and is provided without additional cash consideration from Neff.