LTC Properties (NYSE: LTC) EVP gets stock grant with shares withheld for taxes

Rhea-AI Filing Summary

LTC Properties Inc executive vice president of asset management John Gibson Satterwhite received a grant of 7,714 shares of common stock on vesting of a performance-based stock unit award at $39.6800 per share. To cover taxes, 4,162 shares were withheld, and he now directly owns 32,334 shares of common stock.

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^*

Satterwhite John Gibson

(Last) (First) (Middle)

3011 TOWNSGATE RD, STE 220

(Street)

WESTLAKE VILLAGE CA 91361

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LTC PROPERTIES INC [ LTC ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, ASSET MANAGEMENT

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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
COMMON STOCK	03/09/2026		A(1)		7,714	A	$39.68	36,496	D
COMMON STOCK	03/09/2026		F(2)		4,162	D	$39.68	32,334	D

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. Vesting of Performance Based Stock Unit Award.

2. Represents tax withholding on vesting of previously reported Performance Based Stock Unit Award.

	/s/ J. Gibson Satterwhite	03/09/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did LTC (LTC) report for John Gibson Satterwhite?

Satterwhite received 7,714 shares of LTC common stock from vesting of a performance-based stock unit award. To satisfy tax obligations, 4,162 shares were withheld, leaving him with 32,334 shares directly owned after the transactions.

Was the LTC (LTC) insider transaction a market buy or sell?

The activity reflects a grant and tax withholding, not open-market trading. Satterwhite’s shares came from vesting of a performance-based stock unit award, and some were withheld to pay taxes, so there was no discretionary market purchase or sale.

How many LTC (LTC) shares does John Gibson Satterwhite hold after this Form 4?

After the grant and tax withholding, Satterwhite directly owns 32,334 shares of LTC common stock. This figure is reported as his total direct holdings following the transactions on March 9, 2026.

What price per share was used in the LTC (LTC) Form 4 transactions?

Both the award and tax withholding were recorded at $39.6800 per share. This price is used to value the 7,714-share grant and the 4,162 shares withheld for tax obligations in the filing.

What is the nature of the LTC (LTC) stock award reported for Satterwhite?

The filing identifies the transaction as vesting of a performance based stock unit award. These are shares granted as compensation when performance conditions are met, rather than shares bought on the open market.

Does the LTC (LTC) Form 4 indicate any remaining derivative awards for Satterwhite?

The summary of derivative positions is empty in this filing. That means no additional options, warrants, or similar derivative securities are shown as part of Satterwhite’s current holdings in this specific report.