Miceli Paul J. 4

What Happened
Paul J. Miceli, Chief Financial Officer of Ladder Capital Corp (LADR), had 18,285 shares withheld to satisfy a tax liability related to an equity transaction on February 20, 2026. The shares were valued at $10.41 each, for a total of $190,347. This was a tax-withholding disposal (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-20; Filed on Form 4: 2026-02-23 (appears timely; Form 4 is generally due within 2 business days).
• Shares withheld/disposed: 18,285 at $10.41 per share — total value ~$190,347.
• Transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Disposition type: Withheld for taxes (not a public sale of shares).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.

Context
Tax-withholding dispositions commonly occur when an insider exercises options or vesting awards and elects to have shares withheld to cover taxes; they are administrative and do not necessarily indicate a decision to sell stock on the open market.