Form 4: LTC Properties Executive Chairman Wendy Simpson Reports Stock Disposal for Tax Withholding
SEC Form 4 Filing
Wendy Simpson, Executive Chairman of LTC Properties, reports disposing of shares to cover tax obligations related to vesting restricted stock.
Summary
- On February 13, 2025, Wendy Simpson, the Executive Chairman of LTC Properties Inc., disposed of 8,619 shares of common stock.
- The disposal was executed to cover tax withholding obligations related to the vesting of a previously reported restricted stock grant.
- The price per share was $34.57.
- Following the transaction, Simpson directly owns 351,178 shares of LTC Properties Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations on vested stock, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of transaction: Disposal of shares for tax withholding. |
| 02/14/2025 | Date of signature on the Form 4 filing. |
Keywords
LTC Properties, Wendy Simpson, Executive Chairman, Form 4, Stock Disposal, Tax Withholding, Beneficial Ownership, Securities
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