FBRT director granted 12,835 restricted shares

McDonough Peter J reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

McDonough Peter J reported acquisition or exercise transactions in this Form 4 filing.

Franklin BSP Realty Trust director Peter J. McDonough received a grant of 12,835 shares of Common Stock. The shares were awarded at no purchase price as restricted stock under the company’s 2021 Equity Incentive Plan and are classified as directly owned.

Following this award, McDonough holds a total of 58,761 shares of Common Stock. The restricted shares will vest on the earlier of the date of Franklin BSP Realty Trust’s 2027 Annual Meeting of Stockholders or June 8, 2027, tying the award to his ongoing board service.

Insider Trade Summary

Grant/Award: 12,835 shares

Grant/Award 1 txn

Insider McDonough Peter J

Role Director

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

Holdings After Transaction: Common Stock — 58,761 shares (Direct)

Footnotes (1)

1. 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.

Key Figures

Restricted shares granted: 12,835 shares Total shares after transaction: 58,761 shares Vesting date trigger: 2027 Annual Meeting +1 more

4 metrics

Restricted shares granted 12,835 shares Common Stock award to director Peter J. McDonough

Total shares after transaction 58,761 shares McDonough’s directly owned Common Stock following the grant

Vesting date trigger 2027 Annual Meeting Restricted shares vest on earlier of 2027 meeting or June 8, 2027

Alternative vesting date June 8, 2027 Outside date for vesting of restricted Common Stock

Key Terms

Restricted shares, 2021 Equity Incentive Plan, Annual Meeting of Stockholders, Common Stock

4 terms

Restricted shares financial

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

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

2021 Equity Incentive Plan financial

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

Annual Meeting of Stockholders financial

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

Common Stock financial

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

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Peter J. McDonough report in the latest FBRT Form 4 filing?

Peter J. McDonough reported receiving 12,835 restricted shares of Franklin BSP Realty Trust Common Stock. These were granted at no purchase price under the 2021 Equity Incentive Plan and increased his directly owned holdings to 58,761 shares after the transaction.

How many FBRT shares does Peter J. McDonough own after this award?

After the reported award, Peter J. McDonough holds 58,761 shares of Franklin BSP Realty Trust Common Stock. This total includes the newly granted 12,835 restricted shares issued under the company’s 2021 Equity Incentive Plan as part of his director compensation.

What type of transaction is disclosed in this FBRT Form 4 for Peter J. McDonough?

The Form 4 discloses an acquisition classified as a grant, award, or other acquisition of Common Stock. McDonough received 12,835 restricted shares as equity compensation, rather than making an open-market purchase or sale, and the award carries specific vesting conditions.

When do Peter J. McDonough’s newly granted FBRT restricted shares vest?

The restricted shares vest on the earlier of Franklin BSP Realty Trust’s 2027 Annual Meeting of Stockholders or June 8, 2027. This schedule links the vesting of the 12,835 shares to a future stockholder meeting date or a fixed calendar date, whichever comes first.

Under what plan were Peter J. McDonough’s FBRT restricted shares granted?

The 12,835 restricted shares were issued under Franklin BSP Realty Trust’s 2021 Equity Incentive Plan. This plan provides equity-based compensation, and in this case, the award consists of Common Stock that vests based on future dates tied to the 2027 stockholder meeting or June 8, 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/10/2026 - 08:33 PM EDT Learn about SEC filing dates

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^*

McDonough Peter J

(Last) (First) (Middle)

C/O FRANKLIN BSP REALTY TRUST, INC.

ONE MADISON AVENUE, SUITE 1600

(Street)

NEW YORK 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/08/2026		A		12,835(1)	A	$0	58,761	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. 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/ Peter J. McDonough, 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)