SHELLEY-KESSLER PAMELA 4

What Happened
Pamela Shelley-Kessler, Co-President and Co-CEO of LTC Properties (LTC), was granted a restricted stock award of 33,466 shares at $38.92 per share (value ≈ $1,302,497) on 2026-02-19. At the same time, 5,089 shares were disposed/withheld at $38.92 per share to cover tax withholding obligations (proceeds ≈ $198,064). The grant is an acquisition (award) for compensation/retention; the withheld shares represent a routine tax withholding rather than a market sale for investment purposes.

Key Details

• Transaction date: 2026-02-19; filing date: 2026-02-20 (no late filing indicated).
• Award: 33,466 shares @ $38.92 each — total value ≈ $1,302,497 (Transaction code A).
• Withholding/disposition: 5,089 shares @ $38.92 each — cash withheld ≈ $198,064 to cover taxes (Transaction code F).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 = withholding on vesting of previously reported restricted stock; F2 = restricted stock grant vests equally over three years subject to continued employment.

Context

• This was a restricted stock vesting/award (not an open-market purchase). The withheld shares were used to satisfy tax obligations on vesting — a common, administrative disposition.
• The award vests in equal installments over three years per the footnote, indicating a retention/compensation structure rather than an immediate purchase.
• These transactions are informational; they show executive compensation activity but do not, by themselves, indicate the insider’s view on the company’s stock.