Form 4: LTC Properties Executive Chairman Wendy Simpson Reports Stock Transactions
SEC Form 4 Filing
Wendy Simpson, Executive Chairman of LTC Properties, reports acquisition and disposal of common stock related to vesting of a performance-based stock unit award.
Summary
- On March 6, 2025, Wendy Simpson, Executive Chairman of LTC Properties, acquired 58,812 shares of common stock at $34.89 per share due to the vesting of a performance-based stock unit award.
- On the same day, Simpson disposed of 31,671 shares at $34.89 per share to cover tax withholding obligations related to the vesting.
- Following these transactions, Simpson directly owns 378,319 shares of LTC Properties common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in beneficial ownership.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of stock acquisition and disposal. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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