Form 4: LTC Properties Director Timothy Triche Receives Restricted Stock Grant

LTC Properties Inc. Director Timothy Triche was granted 3,125 shares of common stock valued at $35.20 per share, increasing his direct beneficial ownership to 37,647 shares.

Summary

• Timothy Triche, a Director of LTC Properties Inc. (LTC), acquired 3,125 shares of common stock.
• The transaction occurred on May 28, 2025, at a price of $35.20 per share.
• This acquisition was a restricted stock grant.
• Following this transaction, Mr. Triche directly beneficially owns 37,647 shares of LTC common stock.
• The granted 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: 7

Explanation: The acquisition of shares by a director, even if a grant, generally indicates alignment of interests and can be viewed positively as it ties the director's personal wealth to the company's performance.

Positives

• The grant of restricted stock to a director aligns management's interests with those of shareholders, as the value of the grant is tied to the company's stock performance.
• Increased direct beneficial ownership by a director can signal confidence in the company's future prospects.

Risks

• The vesting of the restricted stock grant is contingent upon specific conditions (one-year anniversary or next annual meeting), meaning the shares are not immediately fully owned and could be forfeited if conditions are not met (though this is standard for restricted stock).

Future Outlook

The restricted stock grant is designed to vest in the future, aligning the director's long-term interests with the company's performance. The vesting schedule is tied to either the one-year anniversary of the award or the next annual meeting of stockholders.

Management Comments

• The shares acquired were a restricted stock grant.
• Shares will vest upon the earlier to occur of (i) the one-year anniversary of the original date of award, or (ii) the date of the next annual meeting of stockholders.

Industry Context

Restricted stock grants are a common form of equity compensation for directors and executives in publicly traded companies, including Real Estate Investment Trusts (REITs) like LTC Properties. This practice aims to align the interests of company leadership with long-term shareholder value creation.

Related Party Transactions

• Timothy Triche, a director of LTC Properties Inc., received a restricted stock grant from the company, which is a transaction between a related party (director) and the issuer.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value.

Next Steps

• Vesting of the 3,125 restricted shares upon the earlier of the one-year anniversary of the award date or the next annual meeting of stockholders.

Key Dates

Keywords

LTC Properties, Timothy Triche, SEC Form 4, Insider Transaction, Restricted Stock Grant, Director Compensation, Beneficial Ownership, LTC, Healthcare REIT