Zausmer Adam 4
4 · Ready Capital Corp · Filed Feb 15, 2022
Insider Transaction Report
Form 4
Zausmer Adam
Chief Credit Officer
Transactions
- Tax Payment
Common stock
2022-02-12$14.19/sh−2,649$37,589→ 40,634 total - Award
Common stock
2022-02-12+26,427→ 43,283 total
Footnotes (3)
- [F1]On February 12, 2022, the reporting person was awarded 26,427 Restricted Stock Units ("RSUs") under the 2012 Ready Capital Corporation Equity Incentive Plan, which represent the right to receive one share of Common Stock of the Issuer for each RSU at vesting. Pursuant to the terms of the award agreement, the RSUs will vest in equal installments of one-third on February 12, 2023, February 12, 2024 and February 12, 2025. The reporting person will receive dividend equivalent rights on unvested RSUs from the grant date payable in cash in an amount equal to the cash dividend distributions paid on a share of Common Stock of the Issuer.
- [F2]Consists of shares of Common Stock withheld 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 the vesting of 5,808 shares of Common Stock.
- [F3]Represents the closing price of the Common Stock on February 11, 2022.