BrightSpire Capital (NYSE: BRSP) exec receives stock awards, covers taxes with shares

Rhea-AI Filing Summary

BrightSpire Capital, Inc. executive David A. Palame received equity compensation in the form of Class A Common Stock. He was granted 87,934 shares that vest in three equal annual installments on March 15, 2027, March 15, 2028 and March 15, 2029, and 77,593 shares issued upon settlement of 2023 performance restricted stock units for the performance period ended March 6, 2026.

To cover withholding taxes on these and prior awards, 81,376 shares were withheld by the company at a value of 5.5400 per share, characterized as a tax-withholding disposition rather than an open-market sale. After these transactions, Palame directly holds 479,487 shares of Class A Common Stock.

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^*

Palame David A

(Last) (First) (Middle)

590 MADISON AVENUE, 33RD FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BrightSpire Capital, Inc. [ BRSP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Class A Common Stock	03/16/2026		A(1)		87,934	A	$0	483,270	D
Class A Common Stock	03/16/2026		A(2)		77,593	A	$0	560,863	D
Class A Common Stock	03/16/2026		F(3)		81,376	D	$5.54	479,487	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. Represents shares of Class A Common Stock granted to the reporting person by the Issuer, which vest annually in three equal installments on March 15, 2027, March 15, 2028 and March 15, 2029.

2. Represents shares of Class A Common Stock issued to the reporting person by the Issuer in connection with the settlement of 2023 performance restricted stock units (the "2023 PRSUs") earned for the performance period ended March 6, 2026.

3. Represents the number of shares withheld by the Issuer in satisfaction of withholding taxes in connection with the vesting of certain shares of Class A common stock acquired through prior grants and the 2023 PRSUs.

Remarks:

GENERAL COUNSEL, SECRETARY AND EXECUTIVE VICE PRESIDENT

	/s/ David A. Palame	03/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did BrightSpire Capital (BRSP) executive David A. Palame report in this Form 4?

David A. Palame reported new equity compensation and related tax withholding. He received Class A Common Stock grants and performance-based shares, while the company withheld some shares to satisfy tax obligations. These are compensation-related transactions, not open-market purchases or sales.

How many BrightSpire Capital (BRSP) shares were granted or issued to David A. Palame?

Palame received 87,934 shares of Class A Common Stock as a time-based grant and 77,593 shares issued upon settlement of 2023 performance restricted stock units. Together, these awards increase his direct equity stake as part of his compensation package.

Why were 81,376 BrightSpire Capital (BRSP) shares disposed of in this Form 4?

The 81,376 shares are described as withholding for taxes, not a sale into the market. BrightSpire Capital withheld these shares to satisfy tax liabilities tied to vesting of prior grants and the 2023 performance RSUs, a common administrative mechanism for equity awards.

What vesting schedule applies to David A. Palame’s new BrightSpire Capital (BRSP) stock grant?

The 87,934-share grant of Class A Common Stock vests in three equal annual installments. Vesting dates are March 15, 2027, March 15, 2028 and March 15, 2029, aligning his compensation with long-term company performance over several years.

How many BrightSpire Capital (BRSP) shares does David A. Palame hold after these transactions?

After the reported grants, PRSU settlement, and tax-withholding disposition, Palame directly holds 479,487 shares of BrightSpire Capital Class A Common Stock. This figure reflects his post-transaction ownership as disclosed, showing his continuing sizable equity interest.

Are David A. Palame’s BrightSpire Capital (BRSP) Form 4 transactions open-market trades?

No, the transactions are classified as grants, award acquisitions, and tax-withholding dispositions. The filing describes stock compensation awards and shares withheld for taxes, rather than discretionary open-market buying or selling of BrightSpire Capital shares by the executive.