Lamb Peggy 4

What Happened Peggy Lamb, a director of Starwood Credit Real Estate Income Trust, received a compensatory grant of 885 Class E common shares on December 1, 2025. The shares were granted at $0.00 (no cash paid) and the award value at grant was reported as $0. This was a compensation award to a board member, not an open‑market purchase or sale.

Key Details

• Transaction date: 2025-12-01; grant type: Award/Grant (code A); 885 shares granted at $0.00.
• Vesting: The award fully vests on the one‑year anniversary of the grant (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed 2026-03-20 for a 2025-12-01 grant — filing is late (timeliness flagged as L). Late Form 4s should be noted but do not by themselves indicate wrongdoing.

Context This is a routine director compensation award intended for retention/compensation and does not represent an immediate market purchase or sale. Because the shares vest in one year, they are a deferred compensation instrument rather than an immediate liquidity event.