v3.26.1
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Activity
The following table summarizes the activity in KREF’s outstanding RSUs and the weighted-average grant date fair value per RSU:

Restricted Stock Units
Weighted Average Grant Date Fair Value Per RSU(A)
Unvested as of December 31, 2025
1,295,796 $10.14 
Granted83,455 6.59 
Vested(61,935)8.88 
Forfeited / cancelled(32,418)11.28 
Unvested as of June 30, 2026
1,284,898 $9.94 

(A)    The grant-date fair value is based upon the closing price of KREF’s common stock at the date of grant.
Schedule of RSUs Outstanding to Vest
KREF expects the unvested RSUs outstanding to vest during the following years:

YearRestricted Stock Units
2026593,028 
2027485,703 
2028206,167 
Total1,284,898