LTC Properties (NYSE: LTC) CFO receives restricted stock grant, withholds shares for taxes

Rhea-AI Filing Summary

Caroline Chikhale, EVP, CFO & Treasurer of LTC Properties, reported routine stock-based compensation activity. On February 19, 2026, she received a restricted stock grant of 13,618 common shares at $38.92 per share, which vest equally over three years, subject to continued employment.

On the same date, 2,062 shares were disposed of for tax withholding upon vesting of a previously reported restricted stock grant, rather than through an open-market sale. Following these transactions, directly owned common shares increased to 64,011.

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^*

CHIKHALE CAROLINE

(Last) (First) (Middle)

3011 TOWNSGATE RD

SUITE 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, CFO & TREASURER

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		F(1)		2,062	D	$38.92	50,393	D
Common Stock	02/19/2026		A(2)		13,618	A	$38.92	64,011	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. Represents tax withholding on vesting of previously reported restricted stock grant.

2. Restricted stock grant. Shares vest equally over three years based on the reporting person's continued employment at each vesting date.

	/s/ Caroline Chikhale	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What stock transactions did LTC (LTC) CFO Caroline Chikhale report on this Form 4?

Caroline Chikhale reported a restricted stock grant and a related tax withholding. She received 13,618 LTC Properties common shares at $38.92 and had 2,062 shares withheld to cover taxes on a prior restricted stock vesting, both dated February 19, 2026.

Was the LTC (LTC) CFO’s Form 4 transaction a market sale of shares?

The filing does not show an open-market sale. The 2,062-share disposition is explicitly described as tax withholding on the vesting of a previously reported restricted stock grant, meaning shares were withheld to satisfy tax obligations rather than sold on the open market.

How many LTC (LTC) shares did the CFO acquire in the latest award?

The CFO received a grant of 13,618 shares of LTC Properties common stock at $38.92 per share. According to the filing, these restricted shares vest in three equal installments over three years, conditioned on her continued employment at each vesting date.

How many LTC (LTC) shares were withheld for taxes in this Form 4?

The filing shows 2,062 LTC Properties common shares disposed of for tax withholding. A footnote explains this represents shares withheld to satisfy tax obligations triggered by the vesting of an earlier restricted stock grant previously reported for the executive.

What is the vesting schedule for the new LTC (LTC) restricted stock grant?

The new restricted stock grant vests in three equal annual installments. The footnote states that the 13,618 shares vest equally over three years, and vesting is based on the reporting person’s continued employment with LTC Properties at each applicable vesting date.

How many LTC (LTC) shares does the CFO own after these transactions?

After the reported transactions, the CFO directly owns 64,011 LTC Properties common shares. This figure reflects both the 13,618-share restricted stock grant and the 2,062-share tax withholding disposition recorded in the Form 4 dated February 19, 2026.