Miceli Paul J. 4

What Happened Paul J. Miceli, Chief Financial Officer of Ladder Capital Corp (LADR), had 13,381 shares disposed (withheld) to satisfy tax withholding obligations related to equity compensation. The shares were valued at $11.09 each, for a total of approximately $148,395. This was a tax-withholding disposition (routine), not an open-market sale indicating a directional trade.

Key Details

• Transaction date: 2026-02-05; Price: $11.09 per share; Total value: ~$148,395.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/disposed to cover taxes).
• Shares owned after the transaction: not specified in the provided filing details.
• Filing: Form 4 filed with accession 0001104659-26-012141 on 2026-02-09; filing appears timely for the Feb 5 transaction.

Context

• Code F typically means shares were withheld to cover taxes arising from an option exercise or vesting of an award (a cashless-type settlement). These withholdings are routine and do not necessarily reflect the insider’s view of the company’s stock.
• Purchases are usually more informative about insider conviction; tax-withholding disposals are administrative and common after equity awards vest or options are exercised.