Form 4: Ladder Capital Corp Director Pamela McCormack Sells 100,000 Shares
SEC Form 4 Filing
Pamela McCormack, a Director and President of Ladder Capital Corp, sold 100,000 shares of Class A Common Stock at an average price of $12.17 on July 31, 2024.
Summary
- On July 31, 2024, Pamela McCormack, a Director and President of Ladder Capital Corp, sold 100,000 shares of Class A Common Stock.
- The sale was executed at an average price of $12.17 per share.
- Following the transaction, McCormack directly owns 197,653 shares and indirectly owns 598,863 shares through trusts and 253,600 shares through McCormack Investors LLC.
- The sale prices for the reported transaction ranged between $12.15 and $12.19, inclusive.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale based on their own analysis.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and directors, allowing investors to monitor their investment decisions.
Stakeholder Impact
- Shareholders may react to the stock sale, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 06/27/2024 | Date of non-reportable change in form regarding the holding of securities by The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust. |
| 07/31/2024 | Date of the transaction where Pamela McCormack sold 100,000 shares of Class A Common Stock. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
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