Form 4: Ladder Capital Corp Director, Pamela McCormack, Reports Stock Disposal

Pamela McCormack, a director and President of Ladder Capital Corp, reported the disposal of 51,325 shares of Class A Common Stock to cover tax obligations.

Summary

• On February 25, 2025, Pamela McCormack, a Director and President of Ladder Capital Corp, reported a transaction involving Class A Common Stock.
• Ms. McCormack disposed of 51,325 shares at a price of $11.68 per share to cover tax obligations.
• Following the transaction, Ms. McCormack directly owns 295,175 shares of Class A Common Stock.
• She also indirectly owns 253,600 shares through McCormack Investors LLC and 548,863 shares through various trusts.
• Ms. McCormack disclaims beneficial ownership of shares held by McCormack Investors LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The disposal of shares by a director could be perceived negatively by some shareholders, but the explanation provided (tax obligations) mitigates this concern.

Key Dates