SIMPSON WENDY 4

What Happened

• Wendy Simpson, Executive Chairman and director of LTC Properties (LTC), had 8,635 shares withheld (disposed) on 2026-02-13 at $39.39 per share to cover tax obligations tied to a previously reported restricted stock grant. The withheld shares equal about $340,133 in value. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date and price: 2026-02-13 at $39.39 per share
• Shares involved: 8,635 withheld (disposed) — total value ≈ $340,133
• Shares owned after transaction: not specified in the provided filing details
• Footnote: F1 — represents tax withholding on vesting of a previously reported restricted stock grant
• Filing date: 2026-02-17 (the Form 4 was filed four days after the transaction; Form 4s are typically due within two business days, so timing may merit review)

Context

• This was a tax-withholding action (transaction code F), meaning the company retained shares to satisfy withholding on vested restricted stock. Such transactions are routine for vesting awards and do not necessarily signal a change in the insider’s view of the stock since they are not discretionary open-market sales.