Form 4: LTC Properties Executive Chairman Sells Shares for Tax

Wendy Simpson, Executive Chairman of LTC Properties, disposed of 7,326 shares of common stock to cover tax withholding obligations related to a restricted stock grant.

Summary

• Wendy Simpson, Executive Chairman and Director of LTC Properties Inc. (LTC), reported a transaction on February 9, 2026.
• The transaction involved the disposition of 7,326 shares of common stock.
• The shares were disposed of at a price of $37.28 per share.
• This disposition was for tax withholding purposes on the vesting of a previously reported restricted stock grant.
• Following this transaction, Wendy Simpson beneficially owns 370,993 shares of LTC Properties common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this transaction as neutral. It is a routine, non-discretionary event for tax purposes related to executive compensation and does not reflect a change in the insider's sentiment towards the company or its prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that tax withholdings on the vesting of restricted stock grants are a routine and non-discretionary event for executives across all industries, including the real estate investment trust (REIT) sector where LTC Properties operates. This transaction does not reflect a change in management's outlook or strategic direction.

Comparison to Industry Standards

• The disposition of shares for tax withholding upon the vesting of restricted stock is a standard practice for executive compensation across publicly traded companies, including those in the REIT sector like LTC Properties.
• This type of transaction is not indicative of a discretionary sale based on market sentiment but rather a mandatory event to cover tax liabilities associated with equity compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary tax-related transaction by an insider, not a voluntary sale indicating a change in sentiment.
• Employees: No direct impact mentioned.

Key Dates

Keywords

LTC Properties, Wendy Simpson, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, Executive Compensation