4//SEC Filing
REESE J MITCHELL 4
Accession 0001104659-21-030291
CIK 0001527590other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 9:04 PM ET
Size
6.4 KB
Accession
0001104659-21-030291
Insider Transaction Report
Form 4
REESE J MITCHELL
Director
Transactions
- Award
Common Stock
2021-02-12+7,800→ 71,754 total(indirect: By Trust)
Footnotes (4)
- [F1]On February 12, 2021, the reporting person was awarded 7,800 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021.
- [F2]The reporting person owns the shares of Common Stock of the issuer through the J. Mitchell Reese Jr. Trust, UA 5/5/1999. The reporting person serves as the trustee and sole beneficiary of the trust and has sole voting and investment power with respect to the securities held by the trust.
- [F3]On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of Common Stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and Common Stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the reporting person received approximately 1,279 shares of Common Stock.
- [F4]Reflects the withholding of an aggregate of 1,387 shares of Common Stock by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with prior vesting of Common Stock previously granted and reported on a prior Form 4.
Documents
Issuer
Ready Capital Corp
CIK 0001527590
Entity typeother
Related Parties
1- filerCIK 0001212662
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 9:04 PM ET
- Size
- 6.4 KB