Form 4: Ares Commercial Real Estate Corp Director Receives Stock Grant

Edmond N. Moriarty III, a director of Ares Commercial Real Estate Corp, received a grant of 13,842 shares of restricted stock on May 2, 2024.

Summary

• Edmond N. Moriarty III, a director of Ares Commercial Real Estate Corp, reported a transaction on May 2, 2024.
• He acquired 13,842 shares of common stock through a grant.
• The grant was part of Ares Commercial Real Estate Corporation's Amended and Restated 2012 Equity Incentive Plan.
• The restricted stock vests ratably on a quarterly basis over one year, starting July 1, 2024.
• Following the transaction, Moriarty directly owns 55,330 shares of Ares Commercial Real Estate Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices. The stock grant aligns the director's interests with shareholders.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.

Future Outlook

The restricted stock will vest ratably on a quarterly basis over a one-year period, starting July 1, 2024.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with shareholders.

Stakeholder Impact

• The stock grant could positively impact shareholders by aligning the director's interests with the company's long-term success.

Key Dates