HAWKEN JEFFREY C 4

What Happened
Jeffrey C. Hawken, a director of LTC Properties, was granted 3,077 restricted shares on May 20, 2026. The award is reported at $39.00 per share for a total reported value of $120,003. This transaction is an equity award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-20, 3,077 shares at $39.00 each (total $120,003).
• Vesting: Footnote F1 — restricted stock vests upon the earlier of (i) one-year anniversary of the award or (ii) the date of the next annual meeting of stockholders.
• Dividend reinvestment note: Footnote F2 notes 185 shares were acquired under LTC’s dividend reinvestment plan (DRIP).
• Filing: Form 4 filed 2026-05-22 for the May 20 transaction; the filing does not indicate a late report.
• Shares owned after transaction: Not specified in the filing.

Context
Restricted stock grants are typically compensation/retention awards and generally do not indicate an immediate buy/sell decision — the shares vest in the future per the stated schedule. This is not an option exercise or a market purchase; the economic exposure is subject to vesting conditions.