Form 4: Ladder Capital CEO Sells Shares for Tax Obligation

Ladder Capital Corp's CEO, Brian Harris, disposed of 333,278 Class A Common Stock shares at $10.41 each to cover tax liabilities.

Summary

• Brian Harris, CEO and Director of Ladder Capital Corp, reported a disposition of Class A Common Stock.
• The transaction involved 333,278 shares at a price of $10.41 per share.
• The transaction code "F" indicates the shares were disposed of to satisfy tax withholding obligations related to equity awards.
• The transaction was executed on February 20, 2026, under a Rule 10b5-1 plan.
• Following this transaction, Mr. Harris directly owns 528,768 shares and indirectly holds 8,179,965 shares through various entities and a family trust.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While it's a disposition of shares, it's for tax purposes under a pre-arranged plan, which is a common and expected occurrence for executives.

Positives

• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-scheduled, non-discretionary sale, which can mitigate concerns about insider selling based on new information.
• The disposition was for tax withholding purposes, a common practice for executives receiving equity compensation, rather than a discretionary sale of shares.

Negatives

• A significant number of shares (333,278) were disposed of, reducing the direct beneficial ownership of the CEO.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that dispositions of shares for tax purposes, especially under Rule 10b5-1 plans, are routine events for executives in the financial services and real estate investment trust (REIT) sectors, where equity compensation is a significant component of remuneration. This type of transaction is generally not indicative of a change in management's outlook on the company's prospects.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a routine event and generally has minimal impact on shareholder confidence, especially when conducted under a Rule 10b5-1 plan.
• Management: The transaction reflects the realization of value from equity compensation, a standard component of executive remuneration.

Key Dates

Recommendation

The transaction is a routine, non-discretionary sale for tax purposes by the CEO, executed under a Rule 10b5-1 plan. It does not signal a change in management's confidence or the company's fundamentals, thus a 'hold' recommendation is appropriate as this filing alone does not provide new information to alter an investment thesis.

Keywords

Ladder Capital Corp, LADR, Brian Harris, Form 4, Insider Trading, Stock Sale, Tax Withholding, CEO, Director, Equity Compensation, Rule 10b5-1