LTC EVP reports stock grant and tax withholding

LTC Properties EVP John Gibson Satterwhite reported several equity-related transactions in company common stock.

Rhea-AI Filing Summary

LTC Properties EVP John Gibson Satterwhite reported several equity-related transactions in company common stock. On three dates in February, he disposed of shares to cover tax withholding tied to vesting of previously granted restricted stock awards from February 8, 2023, February 13, 2024, and February 19, 2025. On February 19, 2026, he also acquired 10,663 shares through a new restricted stock grant at a reference price of $38.92 per share. These granted shares vest in equal installments over three years starting on February 26, 2027, contingent on his continued employment, and are held as direct ownership.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Satterwhite John Gibson

Role EVP, ASSET MANAGEMENT

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	COMMON STOCK	1,547	$38.92	$60K
Grant/Award	COMMON STOCK	10,663	$38.92	$415K
Exercise Price or Tax Liability	COMMON STOCK	1,533	$39.39	$60K
Exercise Price or Tax Liability	COMMON STOCK	1,276	$37.28	$48K

Holdings After Transaction: COMMON STOCK — 28,782 shares (Direct)

Footnotes (4)

1. F1. Represents tax withholding on vesting of restricted stock initially granted on February 8. 2023.
2. F2. Represents tax withholding on vesting of restricted stock initially granted on February 13, 2024.
3. F3. Represents tax withholding on vesting of restricted stock initially granted on February 19, 2025.
4. F4. Restricted stock grant. Shares vest equally over three years, beginning February 26, 2027, based on the reporting person's continued employment at each vesting date.

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Accepted by SEC EDGAR 02/25/2026 - 04:50 PM EST Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
02/09/2026

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	02/09/2026		F(1)		1,276	D	$37.28	21,199	D
COMMON STOCK	02/13/2026		F(2)		1,533	D	$39.39	19,666	D
COMMON STOCK	02/19/2026		F(3)		1,547	D	$38.92	18,119	D
COMMON STOCK	02/19/2026		A(4)		10,663	A	$38.92	28,782	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 restricted stock initially granted on February 8. 2023.

2. Represents tax withholding on vesting of restricted stock initially granted on February 13, 2024.

3. Represents tax withholding on vesting of restricted stock initially granted on February 19, 2025.

4. Restricted stock grant. Shares vest equally over three years, beginning February 26, 2027, based on the reporting person's continued employment at each vesting date.

	/s/ Gibson Satterwhite	02/25/2026
	** 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.