Form 4: Ready Capital Corp Executive Adam Zausmer Reports Stock Transactions

Adam Zausmer, Chief Credit Officer of Ready Capital Corp, reports the vesting and conversion of performance stock units and subsequent tax withholding.

Summary

• On February 3, 2025, Adam Zausmer, Chief Credit Officer of Ready Capital Corp, reported transactions involving the company's common stock.
• 148,368 performance stock units (PSUs) were earned under the Ready Capital Corporation 2013 Equity Incentive Plan.
• Two-thirds of the PSUs converted to fully-vested shares of common stock on February 3, 2025.
• The remaining one-third of the PSUs converted to restricted shares of common stock, vesting on December 31, 2025, contingent on continued service.
• 46,935 shares of common stock were withheld by the issuer to satisfy tax obligations related to the vesting.
• The closing price of Ready Capital Corp's common stock on February 3, 2025, was $6.58.
• Following these transactions, Zausmer directly owns 206,652 shares of common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications for the company's overall performance.

Future Outlook

One-third of the PSUs earned converted to restricted shares of Common Stock on February 3, 2025, which will vest on December 31, 2025, subject to the reporting person's continued service with the Issuer on such date, subject to certain exceptions.

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 management's alignment with shareholder interests.

Stakeholder Impact

• Shareholders may monitor insider transactions to assess management's confidence in the company's prospects.

Key Dates