AHERN TERRANCE R 4

What Happened

• Terrance R. Ahern, a director of KKR Real Estate Finance Trust Inc. (KREF), received a grant of 16,691 restricted stock units (RSUs) on 2026-04-14. The Form 4 reports the acquisition price as $0.00 (award), so no cash was paid in the transaction.

Key Details

• Transaction date: 2026-04-14; Form 4 filed: 2026-04-16 (timely filing).
• Transaction type/code: Award/Grant (A); 16,691 RSUs; reported price $0.00.
• Shares owned after transaction: not specified in this filing.
• Footnote: The RSUs vest on the earlier of (i) April 14, 2027 or (ii) the first regularly scheduled annual meeting of stockholders after the grant (per footnote F1).
• No 10b5-1 plan, tax-withholding, or sale noted in this filing.

Context

• RSU grants are a form of compensation, not an open-market purchase or sale. They typically convert to common shares only if/when vesting conditions are met and may be forfeited if conditions aren't satisfied. This award indicates compensation to a director rather than an immediate market trade.