BROWN JAMES W 4

What Happened
James W. Brown, a director of FS Credit Real Estate Income Trust, received an award of 836.047 shares on 2026-03-02. The reported acquisition price is $23.92 per share, for a total reported value of $20,000. This was an award/grant (transaction code A) — a company-issued equity award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-02; Filing date: 2026-03-03 (filed the next day).
• Shares awarded: 836.047 at $23.92 per share; total reported value $20,000.
• Transaction type: A = Award/Grant (company-issued equity).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes/notable items: No 10b5-1 plan, tax-withholding, or other footnotes were provided in the supplied data.

Context
Equity awards to directors are a common form of compensation intended to align directors’ interests with shareholders; they represent acquisitions of stock but are not market purchases and therefore are a less direct signal of personal bullishness than voluntary open-market buys. This filing appears timely (filed one day after the award).