Browning William 4

What Happened

• William Browning, a director of Ares Commercial Real Estate Corporation (ACRE), was granted 18,879 shares of restricted common stock on 2026-04-29. The shares were reported at $0.00 per share (no cash paid).
• The grant is a restricted stock award under Ares' Amended and Restated 2012 Equity Incentive Plan and will vest ratably on a quarterly basis over one year beginning July 1, 2026. Based on the filing footnote showing 21,982 previously owned shares, this grant brings his reported total to 40,861 shares.

Key Details

• Transaction date: 2026-04-29; filing date: 2026-05-01 (no indication of a late filing).
• Shares granted: 18,879; reported acquisition price: $0.00; total reported cash consideration: $0.
• Vesting: ratably quarterly over one year, starting the first business day of each fiscal quarter beginning July 1, 2026 (Footnote F1).
• Shares owned after the grant: 40,861 (includes 21,982 previously owned shares per prior Form 4 — Footnote F2).
• Ownership note: some common stock is held by The Browning Family Trust, of which he is a trustee (Footnote F3).

Context

• This was a restricted stock grant (award), not an open-market purchase or sale, so it reflects compensation rather than a direct market signal from the insider. Vesting requirements mean the shares are not fully transferable immediately.
• Grants to directors as part of board compensation are common and do not necessarily indicate a personal trading decision.