other material
confidence high
sentiment neutral
materiality 0.15
KKR Real Estate Finance Trust adopts D&O Deferral Plan for RSUs
KKR Real Estate Finance Trust Inc.
- Plan allows eligible directors and officers to defer receipt of common stock upon vesting of RSUs in 25% increments, subject to Section 409A.
- Deferred stock units credited to accounts; dividend equivalents paid in same form as cash dividends on common stock.
- Distributions may be lump sum or up to ten annual installments at fixed date, termination, or earlier; change in control or death triggers lump sum.
- Plan is unfunded and unsecured; participants are unsecured creditors of the company.