KESSLER STEVEN J 4

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.