ARES Industrial REIT Director Scott W. Lang Receives Restricted Share Award

What Happened

• Scott W. Lang, a director of ARES Industrial Real Estate Income Trust, was granted 6,761.782 shares of the issuer's common stock on 2026-08-06. The reported acquisition price is $0.00 (award/grant), so the immediate cash value recorded in the Form 4 is $0.00.
• This is an equity award (restricted shares) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-06; Form 4 filed: 2026-08-10 (filed within standard two business days for Form 4 reporting given the dates).
• Shares granted: 6,761.782; price per share reported: $0.00; total reported cash value: $0.00.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: The shares consist of Class S-PR and Class I-R common stock.
  • F2: The grant consists of restricted shares that vest upon the earlier of (i) one year after grant, (ii) immediately before the first annual meeting after grant at which directors are elected, (iii) termination for death or permanent disability, or (iv) immediately before and contingent on a change of control.
  • F3: “Total” (where referenced) includes shares issued under the issuer's distribution reinvestment plan.

Context

• Restricted-share awards like this convey ownership subject to vesting conditions and are not an immediate open-market purchase; they typically become freely tradeable only after vesting events occur. Such awards are a common part of board compensation and do not, by themselves, imply a near-term buying or selling intent.
• The filing appears timely based on the transaction and filing dates provided.