Boyer Ryan 4

What Happened Ryan Boyer, a director of FS Credit Real Estate Income Trust, received an award of 942.172 shares on May 1, 2026. The award was recorded at a per-share value of $23.88, with a total reported value of $22,500. The transaction is coded as an award/grant (A) rather than an open‑market purchase.

Key Details

• Transaction date: May 1, 2026; Filing date: May 5, 2026 (Form 4 filed within the required period)
• Shares awarded: 942.172 at $23.88 per share — total value reported $22,500
• Transaction code: A (award/grant)
• Shares owned after the transaction: Not specified in the filing
• Footnotes/other plans: No 10b5-1 plan, tax-withholding, or other special footnotes reported in this Form 4

Context An "A" coding indicates these shares were granted as compensation or an award to the director; such grants are common for board compensation and do not necessarily reflect an immediate personal purchase or sale decision. Because this is an awarded grant rather than an open-market buy, it should be interpreted as part of routine compensation disclosure rather than a direct bullish trade signal.