Form 4: Ready Capital Corp Executive Adam Zausmer Reports Changes in Beneficial Ownership

Adam Zausmer, Chief Credit Officer of Ready Capital Corp, reports acquisition and disposal of common stock and performance stock units on February 22, 2025.

Summary

• On February 22, 2025, Adam Zausmer, Chief Credit Officer of Ready Capital Corp, reported changes in beneficial ownership.
• Zausmer was awarded 89,286 shares of restricted common stock under the 2023 Equity Incentive Plan, vesting in equal installments over three years starting February 22, 2026.
• He also acquired 19,894 shares through the vesting of performance stock units (PSUs) under the 2013 Equity Incentive Plan, which converted to fully-vested shares on the same date.
• The company withheld 6,778 shares and 9,162 shares of common stock to satisfy tax withholding obligations related to the vesting of previously granted common stock and PSUs, respectively.
• The transactions resulted in Zausmer holding 291,105 shares of common stock after the reported transactions.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about an executive's holdings.

Positives

• The vesting of restricted stock and performance stock units suggests continued alignment of executive interests with shareholder value.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in Adam Zausmer's holdings of Ready Capital Corp stock.

Stakeholder Impact

• Shareholders are informed about changes in the beneficial ownership of a key executive, which can influence investor sentiment.

Key Dates