CHIKHALE CAROLINE 4

What Happened
Caroline Chikhale, EVP, CFO & Treasurer of LTC Properties (LTC), had 2,010 shares disposed on February 13, 2026 to satisfy tax withholding related to the vesting of previously granted restricted stock. The shares were valued at $39.39 each, totaling approximately $79,174. This was a tax-withholding disposition (routine) rather than an open-market sale or a purchase.

Key Details

• Transaction date: 2026-02-13; filing date: 2026-02-17 (no late filing flagged).
• Price per share: $39.39; shares disposed: 2,010; total value: ~$79,174.
• Shares owned after the transaction: not specified in this Form 4 filing.
• Footnote: F1 — represents tax withholding on vesting of a previously reported restricted stock grant (i.e., shares surrendered to cover taxes).
• Transaction type code: F (tax withholding), not an investment buy or a deliberate sale.

Context
Tax-withholding dispositions on vested restricted stock are common and usually administrative: the company or insider surrenders shares to cover required tax withholding rather than indicating a view on the stock. This differs from open-market sales, which may be more informative about an insider’s sentiment.