Comparato Michael 4

What Happened

• Michael Comparato, President of Franklin BSP Realty Trust, was granted 66,841 restricted stock units (RSUs) on January 27, 2026 (transaction code A). On the same date, 28,584 shares were withheld/disposed to satisfy tax withholding obligations at $10.17 per share, totaling $290,699 (transaction code F).
• The RSU grant is a non-cash equity award (not an open-market purchase). The share withholding is a routine tax-related disposition rather than a voluntary sale.

Key Details

• Transaction date: January 27, 2026.
• Grant: 66,841 RSUs @ $0.00 (award).
• Tax withholding/disposition: 28,584 shares @ $10.17 = $290,699.
• Shares owned after transaction: not specified in the information provided on the Form 4.
• Footnotes: F1 — RSUs granted under the Issuer’s 2021 Equity Incentive Plan; vest in three equal annual installments beginning January 27, 2027, subject to continued service; one share issued per RSU upon vesting. F2 — The withheld shares satisfy tax withholding for RSUs that vested from awards on Jan 27, 2023; Feb 1, 2024; and Jan 27, 2025.
• Filing timeliness: Form 4 filed January 28, 2026 for a January 27, 2026 transaction (filed promptly).

Context

• RSU grants are deferred compensation that convert to shares upon vesting; this grant vests over three years, so these are not immediate market purchases. The share withholding is a common payroll/tax action (often called a "share withholding" or cashless-withholding) and does not necessarily indicate a change in the insider’s view of the company.