Director at Franklin BSP (NYSE: FBRT) awarded 12,835 restricted shares
Rhea-AI Filing Summary
ORTALE BUFORD H reported acquisition or exercise transactions in this Form 4 filing.
Franklin BSP Realty Trust director Buford H. Ortale received a grant of 12,835 shares of Common Stock as a stock award. The shares are restricted and were issued under the company’s 2021 Equity Incentive Plan at a stated price of $0.00 per share.
The restricted shares vest on the earlier of the company’s 2027 Annual Meeting of Stockholders or June 8, 2027. After this award, Ortale holds 64,686 Common Stock shares directly. Separately, 3,000 shares are held indirectly by Sewanee Vero LLC, a family trust where Ortale’s spouse is trustee, and Ortale disclaims beneficial ownership of those indirect shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,835 shares
Net Buy
2 txns
Insider
ORTALE BUFORD H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,835 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,686 shares (Direct);
Common Stock — 3,000 shares (Indirect, By Trust)
Footnotes (2)
- F1. Restricted shares of common stock issued pursuant to the issuer's 2021 Equity Incentive Plan. Restricted shares vest on the earlier of (i) the date of the issuer's 2027 Annual Meeting of Stockholders and (ii) June 8, 2027.
- F2. Represents shares held by Sewanee Vero LLC, a family trust of which the reporting person's spouse is trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Key Figures
Restricted share grant: 12,835 shares
Direct holdings after award: 64,686 shares
Indirect trust holdings: 3,000 shares
+2 more
5 metrics
Restricted share grant
12,835 shares
Common Stock award with $0.00 per share grant price
Direct holdings after award
64,686 shares
Common Stock directly held by director after grant
Indirect trust holdings
3,000 shares
Held by Sewanee Vero LLC family trust, beneficial ownership disclaimed
Vesting date trigger
2027 Annual Meeting / June 8, 2027
Restricted shares vest on the earlier of these dates
Grant price per share
$0.00 per share
Stated grant price for restricted Common Stock
Key Terms
Restricted shares, 2021 Equity Incentive Plan, family trust, beneficial ownership, +1 more
5 terms
2021 Equity Incentive Plan financial
"Restricted shares of common stock issued pursuant to the issuer's 2021 Equity Incentive Plan."
family trust financial
"Represents shares held by Sewanee Vero LLC, a family trust of which the reporting person's spouse is trustee."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"Not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did FBRT director Buford H. Ortale report in this Form 4 filing?
Buford H. Ortale reported receiving 12,835 restricted shares of Franklin BSP Realty Trust Common Stock as a stock award. The filing also updates his direct holdings to 64,686 shares and shows an additional 3,000 shares held indirectly through a family trust.
What is Sewanee Vero LLC’s role in the FBRT Form 4 filing?
Sewanee Vero LLC holds 3,000 Franklin BSP Realty Trust shares as a family trust in which the director’s spouse is trustee. The filing explains that Ortale disclaims beneficial ownership of these securities, clarifying that they are reported as indirect holdings associated with the trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
