Form 4: LTC Properties EVP Satterwhite Receives New Stock Grant

LTC Properties' EVP of Asset Management, John Gibson Satterwhite, reported tax-related stock disposals and a new restricted stock grant.

Summary

• John Gibson Satterwhite, EVP, Asset Management at LTC Properties Inc. (LTC), reported several transactions involving common stock.
• On February 9, 2026, 1,276 shares were disposed of at $37.28 per share to cover tax withholdings on restricted stock initially granted on February 8, 2023.
• On February 13, 2026, 1,533 shares were disposed of at $39.39 per share for tax withholdings on restricted stock initially granted on February 13, 2024.
• On February 19, 2026, 1,547 shares were disposed of at $38.92 per share for tax withholdings on restricted stock initially granted on February 19, 2025.
• Also on February 19, 2026, Satterwhite acquired 10,663 shares as a new restricted stock grant at a price of $38.92 per share.
• Following these reported transactions, John Gibson Satterwhite directly beneficially owns 28,782 shares of LTC common stock.
• The newly granted restricted shares will vest equally over three years, commencing February 26, 2027, subject to continued employment.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as the new restricted stock grant reinforces executive alignment with shareholder interests, despite the routine tax-related disposals.

Positives

• John Gibson Satterwhite received a new restricted stock grant of 10,663 shares, which aligns his interests with long-term shareholder value.
• The grant demonstrates continued commitment to and retention of a key executive within the company.

Negatives

• A total of 4,356 shares were disposed of across three separate transactions to cover tax withholdings on previously vested restricted stock awards.

Future Outlook

The newly granted restricted stock will vest equally over three years, beginning February 26, 2027, contingent on John Gibson Satterwhite's continued employment at each vesting date.

Industry Context

StockSavvy.ai notes that restricted stock grants are a common form of executive compensation in the REIT sector, aligning management incentives with long-term shareholder value. The regular vesting and tax withholding transactions are standard practice for such equity awards.

Stakeholder Impact

• Shareholders: The new restricted stock grant aligns executive interests with long-term shareholder value, potentially fostering sustained performance.
• Employees: Continued equity compensation for a key executive signals stability and a commitment to retaining talent.

Next Steps

• The newly granted restricted stock will vest equally over three years, starting February 26, 2027, subject to continued employment.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities, including tax-related stock disposals and a new restricted stock grant. These transactions are standard and do not indicate any material change in the company's operational or financial outlook that would warrant a change in investment recommendation. The new grant reinforces management's alignment with long-term shareholder interests, supporting a 'hold' position.

Keywords

LTC Properties, LTC, John Gibson Satterwhite, SEC Form 4, Insider Trading, Restricted Stock Grant, Executive Compensation, Stock Ownership, Real Estate Investment Trust, REIT