Scali Dominick 4

What Happened

• Dominick Scali, Chief Credit Officer of Ready Capital Corp (RC), was granted large equity awards and had shares withheld to cover tax withholding. He received 350,000 restricted shares (awarded Mar 2, 2026), 194,175 restricted shares (awarded Mar 5, 2026), and 1,050,000 performance-based restricted stock units (PSUs) on Mar 2, 2026. The restricted shares and PSUs were granted at $0.00 (awards). Separately, 26,313 shares were disposed/withheld on Mar 13, 2026 at $1.74 per share to satisfy tax withholding obligations, generating proceeds/withholding value of $45,785.
• These awards are not purchases (they are compensation/retention awards). The 26,313-share disposition is a routine tax-withholding action rather than a market sale for investment purposes.

Key Details

• Transaction types and dates:
  • Mar 2, 2026: Award of 350,000 restricted Common Stock (vests Dec 31, 2028) — Code A, $0.00 per share.
  • Mar 5, 2026: Award of 194,175 restricted Common Stock (vests in three equal annual installments: Mar 5, 2027/2028/2029) — Code A, $0.00 per share.
  • Mar 2, 2026: Award of 1,050,000 performance-based restricted stock units (PSUs) — Code A (derivative), contingent vesting tied to VWAP milestones and continued employment.
  • Mar 13, 2026: 26,313 shares withheld/disposed to satisfy tax withholding from prior vested awards — Code F, $1.74 per share, total $45,785.
• Shares owned after the transactions: not specified in the summary provided; refer to the full Form 4 for total beneficial ownership following these transactions.
• Notable footnotes:
  • The 350,000 RSUs vest Dec 31, 2028 subject to continued employment (F1).
  • The 194,175 RSUs vest one-third each year on Mar 5, 2027/2028/2029, subject to continued employment (F2).
  • The 26,313 shares reflect issuer withholding to satisfy tax obligations from earlier vestings (F3); $1.74 is the closing price used (F4).
  • Each PSU equals a contingent right to one share (or cash). The 1,050,000 PSUs vest in up to ten parts tied to VWAP milestones and continued employment; they will settle in shares if shareholders approve a Plan amendment at the 2026 annual meeting, otherwise in cash (F5-F6).
• Filing timeliness: The Form 4 was filed Mar 17, 2026 for transactions beginning Mar 2, 2026 — this appears later than the typical two-business-day reporting window for Form 4s; see the filing for any explanation.

Context

• Awards (A) are compensation/retention grants and are common for executives; they are not direct buying or selling of stock by the executive as an investment signal.
• The disposal (F) is a tax-withholding action (shares withheld or sold to cover taxes), a routine administrative step that does not necessarily reflect sentiment about the company.