BrightSpire Capital (NYSE: BRSP) director receives 22,085-share equity grant

Rhea-AI Filing Summary

SCHWARTZ VERNON B reported acquisition or exercise transactions in this Form 4 filing.

BrightSpire Capital, Inc. director Vernon B. Schwartz received a grant of 22,085 shares of Class A common stock as 2026 annual equity consideration under the company’s non-executive director compensation policy. The award carries no cash cost to him and increases his direct holdings to 139,580 shares.

The granted shares will vest on May 20, 2027, meaning Schwartz must remain eligible through that date to fully earn the equity. This is a routine compensation-related equity award rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SCHWARTZ VERNON B

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	22,085	$0.00	--

Holdings After Transaction: Class A Common Stock — 139,580 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 22,085 shares Grant price per share: $0.00 per share Total shares after grant: 139,580 shares +1 more

4 metrics

Shares granted 22,085 shares 2026 annual equity consideration for non-executive director

Grant price per share $0.00 per share Equity compensation grant, no cash paid by director

Total shares after grant 139,580 shares Class A common stock directly owned after transaction

Vesting date May 20, 2027 Grant of 22,085 shares vests on this date

Key Terms

annual equity consideration, non-executive director compensation policy, vest

3 terms

annual equity consideration financial

"represent 2026 annual equity consideration in accordance with the Issuer's non-executive director compensation policy"

non-executive director compensation policy financial

"in accordance with the Issuer's non-executive director compensation policy and will vest on May 20, 2027"

vest financial

"will vest on May 20, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

SCHWARTZ VERNON B

(Last) (First) (Middle)

590 MADISON AVENUE, 33RD FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BrightSpire Capital, Inc. [ BRSP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/20/2026		A(1)		22,085	A	$0	139,580	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares of Issuer's Class A common stock represent 2026 annual equity consideration in accordance with the Issuer's non-executive director compensation policy and will vest on May 20, 2027.

Remarks:

	/s/ David A. Palame, Attorney-in-Fact	05/21/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did BrightSpire Capital (BRSP) director Vernon B. Schwartz report on this Form 4?

Vernon B. Schwartz reported receiving 22,085 shares of Class A common stock as 2026 annual equity consideration. These shares were granted at no cash cost to him under BrightSpire Capital’s non-executive director compensation policy and increase his direct ownership stake.

Is the BRSP Form 4 for Vernon B. Schwartz a stock purchase or a compensation grant?

The Form 4 reflects a compensation grant, not an open-market purchase. Schwartz received 22,085 Class A common shares as part of his 2026 annual equity consideration under the non-executive director compensation policy, a routine equity-based component of director pay.

How many BrightSpire Capital (BRSP) shares does Vernon B. Schwartz own after this grant?

Following the grant, Vernon B. Schwartz directly owns 139,580 shares of BrightSpire Capital Class A common stock. This total includes the newly awarded 22,085 shares that constitute his 2026 annual equity consideration under the company’s non-executive director compensation policy.

When do the newly granted BRSP shares to Vernon B. Schwartz vest?

The 22,085 Class A common shares granted to Vernon B. Schwartz will vest on May 20, 2027. Vesting means he must satisfy service or eligibility conditions through that date before fully earning the equity benefit from this 2026 annual compensation award.

What is the price per share for Vernon B. Schwartz’s BRSP equity award?

The reported price per share for the 22,085 granted shares is $0.00, indicating no cash payment by Schwartz. This confirms the transaction is a stock-based compensation grant under BrightSpire Capital’s non-executive director compensation policy rather than an open-market stock purchase.