Ladder Capital (LADR) president logs tax-withholding share disposition

Rhea-AI Filing Summary

Ladder Capital Corp President Pamela McCormack reported a tax-withholding share disposition related to equity compensation. On February 20, 2026, 80,354 shares of Class A Common Stock were disposed of at $10.41 per share to cover tax obligations, leaving 381,578 shares held directly.

The filing also reflects indirect holdings. Shares are held by McCormack Investors LLC, for which McCormack disclaims beneficial ownership, and by The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust. These entries update ownership records rather than indicating open-market trades.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McCormack Pamela

(Last) (First) (Middle)

C/O LADDER CAPITAL CORP

320 PARK AVE, 15TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ladder Capital Corp [ LADR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/20/2026		F		80,354	D	$10.41	381,578	D
Class A Common Stock								468,600	I	By McCormack Investors LLC(1)
Class A Common Stock								433,157	I	By Trusts(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person disclaims beneficial ownership of the shares held by McCormack Investors LLC, and 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.

2. The reported securities are held by The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust.

	/s/ Michelle Wallach, as Attorney-in-Fact for Pamela McCormack	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Ladder Capital Corp (LADR) report for Pamela McCormack?

Ladder Capital Corp reported that President Pamela McCormack disposed of 80,354 Class A Common Stock shares at $10.41 per share. The transaction was a tax-withholding disposition related to equity compensation, not an open-market sale, updating her reported ownership position.

How many Ladder Capital (LADR) shares does Pamela McCormack hold directly after this Form 4?

After the tax-withholding disposition, Pamela McCormack directly holds 381,578 shares of Ladder Capital Class A Common Stock. This figure reflects her direct ownership following the 80,354-share disposition used to satisfy associated tax obligations.

What indirect Ladder Capital (LADR) holdings are associated with Pamela McCormack?

The filing lists indirect ownership through McCormack Investors LLC and through two revocable living trusts for Pamela and Brian McCormack. These entries represent shares held via entities, rather than directly, and are reported separately from McCormack’s direct holdings.

Does Pamela McCormack claim beneficial ownership of Ladder Capital shares held by McCormack Investors LLC?

No. The filing states that Pamela McCormack disclaims beneficial ownership of shares held by McCormack Investors LLC. It also notes the report should not be deemed an admission of beneficial ownership for Section 16 or any other purpose.

Was the Ladder Capital (LADR) Form 4 transaction an open-market sale by Pamela McCormack?

The transaction was coded as a tax-withholding disposition, not an open-market sale. Shares were delivered to cover tax liabilities related to equity compensation, a common administrative mechanism distinct from discretionary buying or selling in the open market.