CHIKHALE CAROLINE 4

What Happened Caroline Chikhale, EVP, CFO & Treasurer of LTC Properties (LTC), had 10,286 performance-based stock units vest on 2026-03-09 (award code A) at $39.68 per share, valued at $408,148. To cover tax withholding (code F), 5,550 of those shares were surrendered at the same price for $220,224, leaving a net delivery of 4,736 shares (net value ≈ $187,924).

Key Details

• Transaction date: 2026-03-09; Filing date: 2026-03-10 (Form 4 filed the next day).
• Awarded: 10,286 shares @ $39.68 = $408,148 (code A; footnote F1: vesting of performance-based stock unit award).
• Withheld/Disposed: 5,550 shares @ $39.68 = $220,224 (code F; footnote F2: tax withholding on vesting).
• Net shares delivered to insider: 4,736 shares; net value ≈ $187,924.
• Shares owned after transaction: not reported in this filing.
• Filing appears timely (filed one day after the transaction).

Context This was a routine vesting of performance-based restricted stock/unit awards, not an open-market purchase or sale — the withheld shares simply satisfied tax obligations. Such vesting reflects compensation/award settlement rather than an independent bullish purchase signal.