KESSLER STEVEN J 4
4 · ACRES Commercial Realty Corp. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
ACRES (ACR) Director Steven J. Kessler Receives Restricted Shares
What Happened Steven J. Kessler, a director of ACRES Commercial Realty Corp. (ACR), was granted 5,555 shares of restricted common stock on March 5, 2026. The shares were issued at $0.00 (a compensation award), so there was no cash purchase. This is an equity compensation grant (code A), not an open-market buy or sale.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 6, 2026 (appears timely).
- Grant: 5,555 restricted shares at $0.00 per share (total cash value at issuance $0).
- Vesting: Shares vest over four years — 25% per year beginning March 5, 2027 (per footnote).
- Consideration: Receivable for director service and issued without additional consideration.
- Shares owned after transaction: not specified in the provided filing details.
- Filing accession: 0001213900-26-024626.
Context Restricted stock awards are standard compensation for directors and vest over time; they are not immediate purchases or sales and do not necessarily signal the insider’s short-term market view. Because the shares vest over four years, they are subject to time-based restrictions and potential forfeiture if service requirements aren’t met.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-05+5,555→ 46,882 total
Footnotes (1)
- [F1]The reporting person has been granted 5,555 shares of restricted common stock under the Issuer's Third Amended & Restated Omnibus Equity Compensation Plan. These shares will vest over four years, with 25% vesting per year beginning on March 5, 2027, and are receivable on account of the reporting person's service as a director of the Company and without additional consideration.