Gruber David L 4

What Happened David L. Gruber, a director of LTC Properties, Inc. (LTC), received a restricted stock award of 3,077 shares on 2026-05-20 valued at $120,003 (grant price $39.00) and then purchased 4,000 shares in an open‑market transaction on 2026-05-21 at $38.41 per share for $153,640. Combined, these transactions added 7,077 shares with a total value of $273,643. The award is an acquisition (A) and the market purchase is coded as a purchase (P).

Key Details

• Transactions:
  • 2026-05-20 — Award: 3,077 shares @ $39.00 each — $120,003 (code A)
  • 2026-05-21 — Open‑market purchase: 4,000 shares @ $38.41 each — $153,640 (code P)
• Shares owned after these transactions: not disclosed in the provided filing.
• Footnotes:
  • F1: The 3,077 shares are a restricted stock grant that vests upon the earlier of (i) one year after grant or (ii) the next annual meeting of stockholders.
  • F2: 664 shares referenced in the filing were acquired under LTC’s dividend reinvestment plan.
• Filing: Form 4 filed 2026-05-22 covering transactions on 2026-05-20 and 05-21; filing appears timely based on the reported dates.

Context

• Purchases and awards by directors are typically informative to investors because they increase the insider’s ownership; this filing shows both a new restricted award and an open‑market purchase rather than any sale.
• The restricted shares are subject to vesting conditions (see F1), so they are not immediately free of transfer restrictions.