Form 4: Franklin BSP Realty Trust Director Augustine Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
Director Patsy Joseph Augustine reports acquiring 6,816 shares of Franklin BSP Realty Trust common stock and disposing of 24,166 shares on May 29, 2024.
Summary
- On May 29, 2024, Patsy Joseph Augustine, a director of Franklin BSP Realty Trust, Inc. (FBRT), reported a transaction involving the company's common stock.
- Augustine acquired 6,816 shares of common stock.
- Augustine also disposed of 24,166 shares.
- Following these transactions, Augustine directly owns 24,166 shares of FBRT.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by a company insider.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of transaction: acquisition and disposal of shares. |
| 05/29/2025 | Vesting date of restricted shares (earlier of this date or the 2025 Annual Meeting). |
| 05/31/2024 | Date of signature on the Form 4 filing. |
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