Form 4: Ladder Capital Corp Director McCormack Reports Changes in Beneficial Ownership
SEC Form 4
Pamela McCormack, a director and President of Ladder Capital Corp, reported a transaction involving Class A Common Stock on February 26, 2024.
Summary
- On February 26, 2024, Pamela McCormack, a Director and President of Ladder Capital Corp, reported a change in beneficial ownership of Class A Common Stock.
- The transaction involved the disposal of 51,087 shares at a price of $10.7.
- Following the transaction, McCormack directly owns 896,516 shares of Class A Common Stock.
- McCormack also indirectly owns 253,600 shares through McCormack Investors LLC, but disclaims beneficial ownership of these shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a change in beneficial ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's decision to sell a portion of their holdings.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction involving Class A Common Stock |
| 02/28/2024 | Date of signature for the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.