McCormack Pamela 4

What Happened

• Pamela McCormack, President and Director of Ladder Capital Corp (LADR), received an equity award of 314,803 shares on February 18, 2026. The reported acquisition price is $0.00 per share, resulting in a reported aggregate value of $0 for the grant. This was reported on an SEC Form 4 filed February 20, 2026.
• This is an award/grant (transaction code A), not an open-market purchase or sale — commonly part of compensation or incentive plans rather than a market-driven trade.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (appears timely).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 314,803 at $0.00 per share; reported aggregate value $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: The reporting person disclaims beneficial ownership of shares held by McCormack Investors LLC.
  • F2: The reported securities are held by The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust.
• No indication in the provided filing that the transaction was part of a 10b5-1 plan, cashless exercise, tax withholding, or that the filing was late.

Context

• Grants/awards are typically compensation-related and do not by themselves signal a buy/sell decision in the open market. They may be subject to vesting or other restrictions (not specified here).
• The $0.00 per-share reporting is standard for awards where no cash purchase occurred; the economic value will depend on vesting terms and the market price of LADR shares.