Form 4: LTC Properties Director David Gruber Acquires 3,125 Shares in Restricted Stock Grant

LTC Properties Inc. Director David L. Gruber has acquired 3,125 shares of common stock through a restricted stock grant at a price of $35.2 per share, increasing his beneficial ownership to 24,738 shares.

Summary

• David L. Gruber, a Director of LTC Properties Inc. (LTC), acquired 3,125 shares of common stock on May 28, 2025.
• The acquisition was a restricted stock grant, with shares valued at $35.2 per share at the time of grant.
• Following this transaction, Mr. Gruber's beneficial ownership in LTC Properties Inc. stands at 24,738 shares.
• The total beneficial ownership includes an additional 77 shares acquired through the LTC Properties Inc. dividend reinvestment plan.
• The restricted shares will vest upon the earlier of the one-year anniversary of the original award date or the date of the next annual meeting of stockholders.

Sentiment

Score: 8

Explanation: The acquisition of shares by a director, especially through a restricted stock grant, is a strong positive signal of confidence in the company's future performance and aligns management's interests with shareholders.

Positives

• An insider, Director David L. Gruber, acquired 3,125 shares, which can signal management confidence in the company's future prospects.
• The acquisition was a restricted stock grant, aligning the director's interests with long-term shareholder value.

Future Outlook

The restricted stock grant indicates a future vesting schedule, aligning the director's compensation with the company's long-term performance, with vesting occurring either one year from the award date or at the next annual stockholders' meeting.

Industry Context

This insider acquisition by a director of LTC Properties Inc., a real estate investment trust (REIT) focused on healthcare properties, suggests continued confidence in the company's specific strategy and the broader healthcare real estate sector. Insider buying can be a positive signal, especially in a sector that may be sensitive to interest rate changes and demographic shifts.

Stakeholder Impact

• Shareholders may view this insider acquisition as a positive indicator of management's belief in the company's value and future growth, potentially boosting investor confidence.

Next Steps

• The acquired restricted shares will vest upon the earlier of the one-year anniversary of the original award date or the date of the next annual meeting of stockholders.

Key Dates

Recommendation

Keywords

LTC Properties Inc., LTC, SEC Form 4, Insider Trading, Stock Acquisition, Restricted Stock Grant, Director Stock Purchase, Real Estate Investment Trust, REIT