Cheng Cornelia 4

What Happened Cornelia Cheng, a director of LTC Properties, received a grant of 3,077 restricted shares on 2026-05-20 at an implicit price of $39.00 per share, for a total grant value of $120,003. This was an award/acquisition (Form 4 transaction code A), not a market purchase or sale — it reflects an equity compensation grant.

Key Details

• Transaction date and price: 2026-05-20; 3,077 shares at $39.00/share; total value $120,003.
• Filing date: 2026-05-22 (filed within the Form 4 reporting window; not reported late).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1 — These are restricted shares that vest on the earlier of (i) the one‑year anniversary of the award or (ii) the next annual meeting of stockholders.
  • F2 — Ownership figures in the filing include 1,136 shares acquired under LTC’s dividend reinvestment plan.
• Transaction code: A (award/grant).

Context Restricted stock grants are compensation and are subject to vesting conditions, so the shares may not be immediately tradable. Such awards are routine for directors and do not by themselves indicate a buy or sell decision on the open market.