ACRES Commercial Realty insider granted 204,765 shares
ACRES Share Holdings, LLC reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
ACRES Share Holdings, LLC reported acquisition or exercise transactions in this Form 4 filing.
ACRES Commercial Realty Corp. reported that an affiliated 10% owner entity received a grant of 204,765 shares of restricted common stock with a stated price of $0.00 per share. After this award, the reporting holder owns 1,171,112 shares of common stock directly.
The restricted shares were granted under the ACRES Commercial Realty Corp. Manager Incentive Plan as compensation for serving as the company’s external manager. The award will vest over four years, with 25% vesting each year beginning on March 5, 2027, and requires no additional cash consideration.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 204,765 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reporting person has been granted 204,765 shares of restricted common stock under the ACRES Commercial Realty Corp. Manager Incentive 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 the external manager of the Company and without additional consideration.
FAQ
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What insider transaction did ACRES Commercial Realty Corp. (ACR) report on this Form 4?
Who received the restricted stock grant reported by ACRES Commercial Realty (ACR)?
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