Malin Clint B 4

What Happened
Clint Malin, Co-President & Co-CEO of LTC Properties (LTC), had 33,226 performance-based stock units vest on 2026-03-09, valued at $39.68 each for a total of $1,318,408 (transaction code A — award). To satisfy tax withholding on the vesting, 17,926 shares were surrendered at the same price (transaction code F), representing $711,304 in value (disposed).

Key Details

• Transaction dates: 2026-03-09 (reported on Form 4 filed 2026-03-10). Filing appears timely.
• Award: 33,226 shares @ $39.68 = $1,318,408 (code A — vesting of performance-based stock unit award; footnote F1).
• Withholding: 17,926 shares @ $39.68 = $711,304 (code F — shares withheld for taxes on vesting; footnote F2).
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: Reported on 2026-03-10 for a 2026-03-09 event — not flagged as late.

Context
This was a vesting of performance-based stock units, not an open-market purchase or an option exercise. The 17,926-share disposition reflects tax withholding (a routine cashless retention), not a sale indicating market sentiment. Such vesting is common compensation for executives and should be read as compensation realization rather than a directional insider buy or sell.