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Director Browning awarded 18,879 restricted Ares Commercial (ACRE) shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Browning William reported acquisition or exercise transactions in this Form 4 filing.

Ares Commercial Real Estate Corp director William Browning received a grant of 18,879 shares of restricted common stock at no cost. The award was made under the company’s Amended and Restated 2012 Equity Incentive Plan.

The restricted stock is scheduled to vest ratably on a quarterly basis over a one-year period, on the first business day of each fiscal quarter beginning July 1, 2026. Following this grant, Browning holds 25,053 shares of common stock directly, including 21,982 shares previously owned directly, and 78,438 shares indirectly through The Browning Family Trust, of which he is a trustee.

Positive

  • None.

Negative

  • None.
Insider Browning William
Role null
Type Security Shares Price Value
Grant/Award Common Stock 18,879 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 25,053 shares (Direct, null); Common Stock — 78,438 shares (Indirect, By The Browning Family Trust)
Footnotes (1)
  1. Represents a grant of restricted stock pursuant to Ares Commercial Real Estate Corporation's Amended and Restated 2012 Equity Incentive Plan. The shares of restricted stock are scheduled to vest ratably on a quarterly basis over a one-year period on the first business day of each fiscal quarter beginning July 1, 2026. Includes 21,982 shares previously owned directly on the reporting person's prior Form 4. The common stock is held by The Browning Family Trust, of which the reporting person is a trustee.
Restricted stock grant 18,879 shares Common Stock award to director on April 29, 2026
Grant price $0.0000 per share Restricted stock issued at no cash cost
Direct holdings after grant 25,053 shares Common Stock directly owned following transaction
Previously owned directly 21,982 shares Direct shares reported on prior Form 4
Indirect trust holdings 78,438 shares Common Stock held by The Browning Family Trust
Vesting start date July 1, 2026 First business day of each fiscal quarter vesting schedule
restricted stock financial
"Represents a grant of restricted stock pursuant to Ares Commercial Real Estate Corporation's Amended and Restated 2012 Equity Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Amended and Restated 2012 Equity Incentive Plan financial
"Represents a grant of restricted stock pursuant to Ares Commercial Real Estate Corporation's Amended and Restated 2012 Equity Incentive Plan."
vest ratably financial
"The shares of restricted stock are scheduled to vest ratably on a quarterly basis over a one-year period"
trustee financial
"The common stock is held by The Browning Family Trust, of which the reporting person is a trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Browning William
(Last)(First)(Middle)
C/O ARES COMMERCIAL REAL ESTATE CORP.
245 PARK AVENUE, 42ND FLOOR
(Street)
NEW YORK NEW YORK 10167
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Ares Commercial Real Estate Corp [ ACRE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/29/2026A18,879(1)A$025,053D
Common Stock78,438(2)IBy The Browning Family Trust(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents a grant of restricted stock pursuant to Ares Commercial Real Estate Corporation's Amended and Restated 2012 Equity Incentive Plan. The shares of restricted stock are scheduled to vest ratably on a quarterly basis over a one-year period on the first business day of each fiscal quarter beginning July 1, 2026.
2. Includes 21,982 shares previously owned directly on the reporting person's prior Form 4.
3. The common stock is held by The Browning Family Trust, of which the reporting person is a trustee.
Remarks:
/s/ Anton Feingold, by power of attorney05/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did William Browning acquire in the latest Ares Commercial (ACRE) Form 4 filing?

William Browning received 18,879 shares of restricted common stock as a grant. The award was issued under Ares Commercial Real Estate Corporation’s Amended and Restated 2012 Equity Incentive Plan and carries no purchase price, reflecting equity-based compensation for his role as a director.

How do the new restricted shares for Ares Commercial (ACRE) director Browning vest?

The 18,879 restricted shares vest ratably on a quarterly basis over one year. Vesting occurs on the first business day of each fiscal quarter beginning July 1, 2026, creating four equal vesting events tied to the company’s quarterly schedule during that one-year period.

How many Ares Commercial (ACRE) shares does Browning now hold directly after this grant?

After the restricted stock grant, Browning directly holds 25,053 common shares. This total includes 21,982 shares that were previously owned directly and reported on an earlier Form 4, plus the newly granted restricted stock, subject to its scheduled vesting conditions over the coming year.

What is The Browning Family Trust’s position in Ares Commercial (ACRE) stock?

The Browning Family Trust holds 78,438 Ares Commercial common shares. The Form 4 notes that the reporting person is a trustee of this trust. These holdings are reported as indirect ownership, separate from Browning’s directly held shares acquired through grants and prior ownership.

Under which plan was Browning’s Ares Commercial (ACRE) restricted stock granted?

The restricted stock was granted under Ares Commercial Real Estate Corporation’s Amended and Restated 2012 Equity Incentive Plan. This plan provides equity-based awards, such as restricted stock, to directors and other eligible participants as part of their overall compensation structure and long-term incentives.