MCANENY DEBORAH H 4

What Happened

• Deborah H. McAneny, a director of KKR Real Estate Finance Trust Inc. (KREF), was granted 16,691 restricted stock units (RSUs) on April 14, 2026. The award is reported as an acquisition (code A) at a $0.00 price per share (no immediate cash purchase).
• Because the grant is RSUs rather than an open-market buy, it represents compensation/award rather than a market purchase. The filing does not report a cash value realized at grant.

Key Details

• Transaction date: 2026-04-14; Form 4 filed: 2026-04-16 (timely).
• Award: 16,691 RSUs; reported price: $0.00 (typical for RSU grants).
• Shares owned after transaction: not specified in the 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. McAneny has elected to defer receipt of the underlying shares until she no longer serves on the Board.
• Transaction code: A = Award/Grant.

Context

• RSU grants are a form of equity compensation — they do not represent an immediate market purchase or sale and typically vest over time or upon specified events.
• Because McAneny elected to defer delivery of the shares until leaving the Board, she will not receive the underlying common stock immediately upon vesting under this election; this is a compensation/deferral arrangement rather than an immediate liquidity event.