Equity grant lifts Franklin BSP (NYSE: FBRT) director Joe Dumars’ holdings

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Dumars Joe reported acquisition or exercise transactions in this Form 4 filing.

Franklin BSP Realty Trust director Joe Dumars received an equity grant of 12,835 restricted shares of common stock. The award was granted at no cash cost per share as part of the company’s 2021 Equity Incentive Plan and is a form of stock-based compensation.

The restricted shares vest on the earlier of the company’s 2027 Annual Meeting of Stockholders or June 8, 2027. After this grant, Dumars directly holds a total of 39,442 common shares, aligning his interests more closely with other stockholders through increased ownership.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dumars Joe

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	12,835	$0.00	--

Holdings After Transaction: Common Stock — 39,442 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted shares granted: 12,835 shares Grant price per share: $0.00 per share Total shares after grant: 39,442 shares +2 more

5 metrics

Restricted shares granted 12,835 shares Common Stock grant on June 8, 2026

Grant price per share $0.00 per share Reported transaction price for restricted stock

Total shares after grant 39,442 shares Dumars’ direct holdings following transaction

Latest vesting date June 8, 2027 Restricted shares vest no later than this date

Alternative vesting trigger 2027 Annual Meeting Vest on earlier of meeting or June 8, 2027

Key Terms

Restricted shares of common stock, 2021 Equity Incentive Plan, vest, Annual Meeting of Stockholders

4 terms

Restricted shares of common stock financial

"Restricted shares of common stock issued pursuant to the issuer's 2021 Equity Incentive Plan."

Restricted shares of common stock are company shares that cannot be sold or transferred until specific conditions are met, such as a set time period, performance targets, or regulatory approvals; they are often granted to founders, employees or early investors. They matter to investors because when the restrictions lift those shares can enter the market and increase the supply, potentially diluting existing holders and changing the stock’s price, similar to a locked faucet being opened and more water joining the flow.

2021 Equity Incentive Plan financial

"Restricted shares of common stock issued pursuant to the issuer's 2021 Equity Incentive Plan."

vest financial

"Restricted shares vest on the earlier of (i) the date of the issuer's 2027 Annual Meeting of Stockholders and (ii) June 8, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Annual Meeting of Stockholders financial

"the date of the issuer's 2027 Annual Meeting of Stockholders and (ii) June 8, 2027."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/10/2026 - 08:34 PM Accepted by SEC EDGAR 06/10/2026 - 08:34 PM

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^*

Dumars Joe

(Last)

(First)

(Middle)

C/O FRANKLIN BSP REALTY TRUST, INC.

ONE MADISON AVENUE, SUITE 1600

(Street)

NEW YORK

10010

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Franklin BSP Realty Trust, Inc. [ FBRT ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/08/2026		A		12,835⁽¹⁾	A	$0	39,442	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

	/s/ Joe Dumars, By: Michael McTiernan, Attorney-in-Fact	06/10/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Joe Dumars report in his Franklin BSP (FBRT) Form 4?

Joe Dumars reported receiving 12,835 restricted shares of Franklin BSP common stock. The grant was made at no cash cost per share under the 2021 Equity Incentive Plan and increases his total direct holdings to 39,442 shares.

Is the Joe Dumars FBRT Form 4 transaction a stock purchase or a grant?

The FBRT Form 4 shows a stock grant, not an open-market purchase. Dumars acquired 12,835 restricted shares as a compensation award under the 2021 Equity Incentive Plan, with a reported price of $0.00 per share for the grant.

When do Joe Dumars’ 12,835 restricted FBRT shares vest?

The 12,835 restricted shares vest on the earlier of Franklin BSP’s 2027 Annual Meeting of Stockholders or June 8, 2027. Until vesting, the shares are subject to restrictions described in the company’s 2021 Equity Incentive Plan.

How many Franklin BSP (FBRT) shares does Joe Dumars own after this Form 4?

After this reported grant, Joe Dumars directly holds 39,442 shares of Franklin BSP common stock. This total includes the newly awarded 12,835 restricted shares disclosed in the Form 4 filing for the June 8, 2026 transaction date.

What plan governs Joe Dumars’ restricted stock grant at Franklin BSP?

The restricted shares were issued under Franklin BSP’s 2021 Equity Incentive Plan. This plan provides stock-based awards, such as restricted shares, to directors and other participants to align their interests with stockholders via long-term equity ownership.