LTC Properties chair receives stock award, pays taxes

LTC Properties Executive Chairman Wendy Simpson reported a compensation-related stock transaction.

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Rhea-AI Filing Summary

LTC Properties Executive Chairman Wendy Simpson reported a compensation-related stock transaction. On March 9, 2026, she acquired 67,721 shares of common stock at an implied value of $39.68 per share upon vesting of a performance-based stock unit award. To cover tax obligations on this vesting, 36,536 shares were disposed of through share withholding, rather than an open-market sale. After these entries, Simpson directly owns 393,543 shares of LTC Properties common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SIMPSON WENDY

Role EXECUTIVE CHAIRMAN

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	67,721	$39.68	$2.69M
Exercise Price or Tax Liability	Common Stock	36,536	$39.68	$1.45M

Holdings After Transaction: Common Stock — 393,543 shares (Direct)

Footnotes (2)

F1. Vesting of Performance Based Stock Unit Award.
F2. Represents tax withholding on vesting of previously reported Performance Based Stock Unit Award.

FAQ

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What insider transaction did LTC (LTC PROPERTIES INC) report for Wendy Simpson?

LTC Properties reported that Executive Chairman Wendy Simpson had a performance-based stock unit award vest into 67,721 common shares. As part of this event, some shares were withheld to cover tax obligations, and she now directly holds 393,543 LTC Properties common shares.

Was the LTC Form 4 transaction a market purchase or sale of shares?

The LTC Form 4 shows a grant and tax withholding, not an open-market trade. Shares were acquired through vesting of a performance-based stock unit award, and 36,536 shares were withheld to satisfy tax liabilities instead of being bought or sold on the open market.

How many LTC Properties shares were granted and withheld in this Form 4?

Wendy Simpson received 67,721 LTC Properties common shares upon vesting of a performance-based stock unit award at an implied value of $39.68 per share. Of these, 36,536 shares were withheld to cover tax obligations related to the vesting event, according to the Form 4 disclosure.

How many LTC Properties (LTC) shares does Wendy Simpson hold after this filing?

Following the reported grant and tax withholding, Wendy Simpson directly owns 393,543 shares of LTC Properties common stock. This figure reflects her position after the vesting of the performance-based stock unit award and the share withholding to satisfy associated tax liabilities.

What do the footnotes in the LTC Form 4 say about this stock award?

The footnotes explain that the transaction reflects vesting of a performance-based stock unit award and that the disposition represents tax withholding on that vesting. This clarifies the activity as routine executive compensation accounting, rather than discretionary buying or selling in the market.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/10/2026 - 07:21 PM EDT

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^*

SIMPSON WENDY

(Last)

(First)

(Middle)

3011 TOWNSGATE ROAD

SUITE 220

(Street)

WESTLAKE VILLAGE

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)

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/09/2026		A⁽¹⁾		67,721	A	$39.68	430,079	D
Common Stock	03/09/2026		F⁽²⁾		36,536	D	$39.68	393,543	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Wendy Simpson	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.

Source: View Original Filing on SEC EDGAR