Form 4: Director Gary Ickowicz Receives Restricted Stock Grant from ACRES Commercial Realty Corp.

Gary Ickowicz, a director of ACRES Commercial Realty Corp., received a grant of 4,762 shares of restricted common stock on May 7, 2024, under the company's equity compensation plan.

Summary

• On May 7, 2024, Gary Ickowicz, a director of ACRES Commercial Realty Corp., was granted 4,762 shares of restricted common stock.
• The grant was made under the Issuer's Third Amended & Restated Omnibus Equity Compensation Plan.
• The shares will vest over four years, with 25% vesting annually beginning on May 7, 2025.
• The shares are compensation for Ickowicz's service as a director and require no additional consideration.

Sentiment

Score: 7

Explanation: The document indicates a standard compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

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

Future Outlook

The restricted stock grant is part of the company's ongoing equity compensation plan to incentivize and retain key personnel.

Industry Context

Granting restricted stock is a common practice for compensating directors and aligning their interests with shareholders in the real estate investment trust (REIT) industry.

Comparison to Industry Standards

• Many REITs use equity compensation plans to attract and retain qualified board members.
• The vesting schedule of four years with annual vesting is a typical structure for restricted stock grants in the industry.
• Comparable companies such as Annaly Capital Management and Starwood Property Trust also utilize similar equity compensation strategies for their directors.

Stakeholder Impact

• Shareholders may view the grant positively as it aligns the director's interests with the company's long-term success.
• The director benefits from the potential appreciation of the stock over the vesting period.

Key Dates