Ares Real Estate Income Trust Director Paula Schaefer Receives Award

What Happened

• Paula Schaefer, a director of Ares Real Estate Income Trust, received an award of 9,120.87 restricted stock units (RSUs) on 2026-08-06. The RSUs were granted at $0.00 per share, so the reported cash value for the transaction is $0.
• This transaction is an equity award (transaction code A) as part of compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-06; Form 4 filed: 2026-08-10.
• Price: $0.00 per share; Shares/units awarded: 9,120.870; reported cash consideration: $0.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1–F3 indicate these are restricted stock units subject to specified vesting and settlement provisions; F2 confirms the 9,120.870 RSUs; F3 notes additional shares reflected from dividend equivalents accrued on outstanding RSUs.
• Timeliness: The Form 4 was filed four days after the transaction. Form 4s are generally required within two business days of the reportable transaction; this filing may be later than that standard.

Context

• RSUs are compensation that typically vest over time and do not represent an immediate purchase or sale — they indicate management/equity compensation rather than a direct bullish or bearish trading signal.
• Dividend equivalents accrued on outstanding RSUs can increase the number of shares eventually received on settlement, per the filing footnotes.