ORTALE BUFORD H 4

What Happened
Ortale Buford H, a director of Franklin BSP Realty Trust, Inc. (FBRT), was granted 12,835 restricted shares of common stock on June 8, 2026. The award was reported on a Form 4 filed June 10, 2026; no cash was paid for the shares (transaction code A, $0.00 per share).

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (filed within two business days, i.e., timely).
• Security: Common stock — 12,835 restricted shares granted; reported price $0.00 (restricted award).
• Vesting: Shares vest on the earlier of the issuer’s 2027 Annual Meeting of Stockholders or June 8, 2027 (footnote F1).
• Ownership disclosure: Filing includes a footnote (F2) noting shares held by Sewanee Vero LLC, a family trust where the reporting person's spouse is trustee; the reporting person disclaims beneficial ownership of those trust-held shares.
• Shares owned after transaction: not specified in the filing.

Context
This was an equity award (restricted stock grant), not an open-market purchase or sale. Restricted-share grants are common compensation/retention tools for directors and typically vest over time or upon certain corporate events; they do not by themselves indicate buying or selling intent. The filing appears timely under Section 16 reporting rules.