McCormack Pamela 4

What Happened

• Pamela McCormack, President and Director of Ladder Capital Corp (LADR), disposed of 48,752 shares on Feb 5, 2026. The shares were surrendered as payment of an exercise price or to satisfy tax liabilities (Form 4 transaction code F) at a per-share value of $11.09, totaling $540,660. This was a withholding/tax-related disposition rather than an open-market sale.

Key Details

• Transaction date and price: Feb 5, 2026 — 48,752 shares at $11.09 each (total $540,660).
• Filing: Form 4 filed Feb 9, 2026 (within the two-business-day reporting window for a Feb 5 transaction).
• Shares owned after transaction: Not specified in the supplied report.
• Footnotes:
  • F1: Reporting person disclaims beneficial ownership of shares held by McCormack Investors LLC.
  • F2: Reported securities are held by The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust.
• Transaction code meaning: F indicates shares were used to pay the exercise price or satisfy tax withholding obligations (common for option exercises or award vesting).

Context

• This type of transaction is typically administrative (shares withheld to cover taxes) and does not necessarily signal a change in the insider’s view of the company. It differs from an open-market sale, where shares are sold to a third party; withheld shares are usually cancelled or transferred to the company as payment.