SIMPSON WENDY 4

What Happened

• Wendy Simpson, Executive Chairman and Director of LTC Properties (LTC), received 67,721 shares on vesting of performance-based stock units (value ~ $2,687,169 at $39.68/share) on 2026-03-09. To satisfy tax withholding, 36,536 of those shares were retained/disposed (value ~ $1,449,748 at $39.68/share), leaving a net increase of 31,185 shares to Simpson.
• This was an award/vesting transaction (not an open-market purchase or sale); the tax-withholding disposal is routine when equity awards vest.

Key Details

• Transaction date: 2026-03-09. Price used: $39.68 per share.
• Award: 67,721 shares vested (code A). Tax withholding: 36,536 shares disposed/withheld (code F).
• Net shares received: 31,185 (67,721 vested − 36,536 withheld).
• Footnotes: F1 = Vesting of Performance Based Stock Unit Award. F2 = Represents tax withholding on vesting of previously reported Performance Based Stock Unit Award.
• Filing: Form 4 filed 2026-03-10 (one day after the report date); timely relative to the reported transaction.
• Shares owned after the transaction: not specified in the supplied data; see the full Form 4 for total beneficial ownership.

Context

• This was a standard vesting of performance-based restricted stock units; the withholding of shares to cover taxes is a common, administrative step (similar to a cashless exercise) and does not represent an open-market sale motivated by sentiment.
• Award transactions indicate compensation realization rather than a direct insider market bet; retail investors typically view purchases as stronger affirmative signals than routine vesting or withholding events.