Richard J. Byrne - Jan 27, 2023 Form 4 Insider Report for Franklin BSP Realty Trust, Inc. (FBRT)

Role
Chairman, CEO and President, Director
Signature
/s/ Richard J. Byrne
Stock symbol
FBRT
Transactions as of
Jan 27, 2023
Transactions value $
-$162,293
Form type
4
Date filed
1/31/2023, 05:36 PM
Previous filing
Nov 28, 2022
Next filing
May 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FBRT Common Stock Tax liability -$162K -11.4K -5.09% $14.24 212K Jan 27, 2023 Direct F1, F2
transaction FBRT Common Stock Award $0 +73K +34.38% $0.00 285K Jan 27, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock withheld to satisfy tax withholding obligations incident to the vesting of restricted stock units ("RSUs") awarded to the reporting person on January 27, 2022.
F2 Ownership total reflects the impact of the automatic conversion of the Issuer's Series F Convertible Preferred Stock into common stock on April 19, 2022, for no consideration, as well as shares issued pursuant to the Issuer's distribution reinvestment plan (DRIP).
F3 Represents RSUs granted to the reporting person pursuant to the Issuer's 2021 Equity Incentive Plan. The RSUs will vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the reporting person's continued qualifying service. One share of the Issuer's common stock will be issued for each RSU upon vesting.