Form 4: Ready Capital Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gary Taylor, Chief Operating Officer of Ready Capital Corp, disposed of shares to cover tax obligations related to vesting shares.
Summary
- On February 12, 2025, Gary Taylor, the Chief Operating Officer of Ready Capital Corp, disposed of 8,461 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of shares.
- The shares were sold at a price of $6.56 per share.
- Following the transaction, Taylor directly owns 139,434 shares of Ready Capital Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an insider transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This is a routine transaction to cover tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of transaction: Gary Taylor disposed of shares. |
| 02/14/2025 | Date of signature: Form 4 signed by Attorney-in-Fact. |
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