Form 4: Ladder Capital CFO Sells Shares for Tax Obligations

Ladder Capital Corp's Chief Financial Officer, Paul J. Miceli, reported a disposition of 18,285 shares of Class A Common Stock for tax purposes.

Summary

• Paul J. Miceli, Chief Financial Officer of Ladder Capital Corp (LADR), reported a transaction on February 20, 2026.
• The transaction involved the disposition of 18,285 shares of Class A Common Stock.
• The shares were disposed of at a price of $10.41 per share.
• This disposition was coded as 'F', indicating shares withheld for tax liability incident to the vesting of a security.
• Following this transaction, Mr. Miceli directly beneficially owns 333,457.142 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine, non-discretionary disposition of shares to cover tax obligations upon vesting of equity awards, which is a common practice and does not indicate a change in management's sentiment or company fundamentals.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as dispositions for tax withholding upon vesting of equity awards, are common across all industries, particularly in financial services where executive compensation often includes significant equity components. These transactions typically do not reflect a change in management's outlook on the company's prospects but rather a standard administrative event.

Comparison to Industry Standards

• This type of transaction (Code F) is a standard practice for executives receiving equity compensation, where a portion of shares are withheld by the company to cover tax obligations upon vesting. This is consistent with compensation practices observed at comparable financial institutions and REITs, such as Starwood Property Trust (STWD) or Blackstone Mortgage Trust (BXMT), where executives frequently report similar tax-related dispositions.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in the CFO's investment thesis or the company's operational performance.

Key Dates

Recommendation

This Form 4 filing reports a routine, non-discretionary disposition of shares by the CFO for tax withholding purposes upon the vesting of equity awards. Such transactions are common and do not typically reflect a change in the company's fundamental outlook or the insider's confidence. Therefore, a seasoned investor would likely maintain their current position, as this event provides no new material information to warrant a change in investment strategy.

Keywords

Ladder Capital Corp, LADR, Paul J. Miceli, CFO, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Class A Common Stock