Sinai Todd M. 4
4 · Ready Capital Corp · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Ready Capital (RC) Director Todd Sinai Receives 58,252 RSUs
What Happened Todd M. Sinai, a director of Ready Capital Corporation (RC), was granted 58,252 Restricted Stock Units (RSUs) on March 5, 2026. The grant is reported as an award (code A) with an acquisition price of $0.00 — this is a compensation award, not an open‑market purchase. Each RSU represents the right to receive one share of Ready Capital common stock at vesting (or at a deferred settlement date if elected).
Key Details
- Transaction date: 2026-03-05; filing date (Form 4): 2026-03-09.
- Award size: 58,252 RSUs; reported price: $0.00 (award/grant).
- Vesting: RSUs vest in four equal installments — 25% on each of Mar 31, 2026; Jun 30, 2026; Sep 30, 2026; and Dec 31, 2026.
- Dividend treatment: holder will receive cash dividend equivalents on unvested RSUs equal to cash dividends paid on one share.
- Shares owned after the transaction: not specified in the filing.
- Transaction code: A (award/grant). The filing does not indicate any late-reporting designation.
Context RSUs are a form of equity compensation that convert to shares (or cash) upon vesting; this grant increases Sinai’s potential future stake in Ready Capital but does not represent an immediate cash purchase or sale. Dividend equivalents provide cash tied to dividends while RSUs remain unvested.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-05+58,252→ 142,520 total
Footnotes (1)
- [F1]On March 5, 2026, the reporting person was awarded 58,252 Restricted Stock Units ("RSUs") under the Ready Capital Corporation 2023 Equity Incentive Plan, which represent the right to receive one share of Common Stock of the Issuer for each RSU at vesting or, at the election of the reporting person, a deferred settlement date. The RSUs will vest in equal installments of one-quarter on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. The reporting person will receive dividend equivalent rights on unvested RSUs from the grant date payable in cash in an amount equal to the cash dividend distributions paid on a share of Common Stock of the Issuer.