Form 4: Director Dawanna Williams Receives and Disposes of Shares in ACRES Commercial Realty Corp.

Dawanna Williams, a director of ACRES Commercial Realty Corp., received 4,762 shares of restricted common stock and disposed of 9,524 shares on May 7, 2024.

Summary

• On May 7, 2024, Dawanna Williams, a director of ACRES Commercial Realty Corp., was granted 4,762 shares of restricted common stock under the company's Third Amended & Restated Omnibus Equity Compensation Plan.
• These shares will vest over four years, with 25% vesting annually starting May 7, 2025.
• The shares were granted for her service as a director and without additional consideration.
• On the same day, the director disposed of 9,524 shares.
• Following these transactions, the director owns 9,524 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by a company director.

Positives

• The grant of restricted stock aligns the director's interests with those of the company and its shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The director's future holdings will be affected by the vesting of the restricted stock and any further transactions.

Industry Context

This is a standard disclosure related to insider transactions, common for publicly traded companies to ensure transparency.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's ownership.

Key Dates