Form 4: Ladder Capital Corp Executive Kelly Porcella Reports Stock Transaction
SEC Form 4 Filing
Kelly Amanda Porcella, Chief Administrative Officer & General Counsel of Ladder Capital Corp, reports disposition of shares to cover tax obligations.
Summary
- On February 26, 2024, Kelly Amanda Porcella, Chief Administrative Officer & General Counsel of Ladder Capital Corp, reported a transaction involving Class A Common Stock.
- Porcella disposed of 12,223 shares at a price of $10.7 to cover tax obligations.
- Following the transaction, Porcella directly owns 208,351 shares of Ladder Capital Corp.
- The transaction was reported on February 28, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock; this provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: Disposition of Class A Common Stock |
| 02/28/2024 | Date of report filing |
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