Ladder Capital president reports 123,793-share gift
Ladder Capital Corp president and director Pamela McCormack reported a bona fide gift of 123,793 shares of Class A Common Stock on May 6, 2026.
Rhea-AI Filing Summary
Ladder Capital Corp president and director Pamela McCormack reported a bona fide gift of 123,793 shares of Class A Common Stock on May 6, 2026. The shares were gifted by The Pamela L. McCormack Revocable Living Trust to McCormack Investors LLC.
After the gift, 433,157 shares are held indirectly through The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust, and 257,785 shares are held directly. McCormack Investors LLC holds 592,393 shares, and McCormack disclaims beneficial ownership of shares held by that LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
123,793 shares gifted
Gift
3 txns
Insider
McCormack Pamela
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 123,793 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 433,157 shares (Indirect, By Trusts);
Class A Common Stock — 592,393 shares (Indirect, By McCormack Investors LLC);
Class A Common Stock — 257,785 shares (Direct)
Footnotes (3)
- F1. The reported gift by The Pamela L. McCormack Revocable Living Trust to McCormack Investors LLC represents securities that were previously reported as directly held by the Reporting Person but were previously transferred to The Pamela L. McCormack Revocable Living Trust in a non-reportable change in form.
- F2. The reported securities are held by The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust.
- F3. The Reporting Person disclaims beneficial ownership of the shares held by McCormack Investors LLC, which includes the shares received in the gift reported herein. This report should not be deemed an admission that the Reporting Person is the beneficial owner of shares held by McCormack Investors LLC for purposes of Section 16 or for any other purpose.
Key Figures
Gifted shares: 123,793 shares
Direct holdings after transaction: 257,785 shares
Trust holdings after transaction: 433,157 shares
+2 more
5 metrics
Gifted shares
123,793 shares
Bona fide gift of Class A Common Stock on May 6, 2026
Direct holdings after transaction
257,785 shares
Class A Common Stock held directly by Pamela McCormack
Trust holdings after transaction
433,157 shares
Held by Pamela L. and Brian J. McCormack revocable living trusts
LLC holdings after gift
592,393 shares
Held by McCormack Investors LLC; beneficial ownership disclaimed
Gift price per share
$0.00 per share
Reported price for bona fide gift transfer
Key Terms
bona fide gift, Revocable Living Trust, beneficial ownership, Section 16, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Revocable Living Trust financial
"The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the shares held by McCormack Investors LLC"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"beneficial owner of shares held by McCormack Investors LLC for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect ownership financial
"ownership_type: "indirect" with nature_of_ownership "By Trusts" or "By McCormack Investors LLC""
FAQ
What did Ladder Capital (LADR) president Pamela McCormack report on this Form 4?
Pamela McCormack reported a bona fide gift of 123,793 shares of Ladder Capital Class A Common Stock. The shares were transferred by her revocable living trust to McCormack Investors LLC, changing how the holdings are structured without an open-market purchase or sale.
What role does McCormack Investors LLC play in these Ladder Capital (LADR) holdings?
McCormack Investors LLC holds 592,393 Ladder Capital shares after receiving 123,793 shares as a gift. The filing states that Pamela McCormack disclaims beneficial ownership of shares held by McCormack Investors LLC, including the gifted shares, for Section 16 and other purposes.
Was this Ladder Capital (LADR) Form 4 transaction a market sale or purchase?
No, the Form 4 describes a bona fide gift, not a market trade. The 123,793 Ladder Capital shares were transferred at a reported price of $0.00, indicating a gratuitous transfer rather than an open-market purchase or sale of stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
