LTC Properties (LTC) director awarded 3,077 restricted shares at $39

Rhea-AI Filing Summary

LTC Properties director Timothy Triche received a grant of 3,077 shares of common stock as restricted stock. The grant was valued at $39.00 per share on the grant date. These shares vest upon the earlier of the one-year anniversary of the award or the next annual meeting of stockholders.

Following this award, Triche directly holds 40,909 shares of LTC Properties common stock, which includes 185 shares acquired through the company’s dividend reinvestment plan. This transaction reflects equity-based compensation rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider TRICHE TIMOTHY

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,077	$39.00	$120K

Holdings After Transaction: Common Stock — 40,909 shares (Direct, null)

Footnotes (1)

1. Restricted stock grant. Shares vest upon the earlier to occur of (i) the one-year anniversary of the original date of award, and (ii) the date of the next annual meeting of stockholders. Includes 185 shares acquired under LTC Properties, Inc's dividend reinvestment plan.

Key Figures

Restricted shares granted: 3,077 shares Grant price: $39.00 per share Shares owned after grant: 40,909 shares +3 more

6 metrics

Restricted shares granted 3,077 shares Common Stock grant to director Timothy Triche

Grant price $39.00 per share Value used for restricted stock award

Shares owned after grant 40,909 shares Total direct LTC Properties holdings following transaction

DRIP shares included 185 shares Portion acquired under dividend reinvestment plan

Vesting trigger 1 One-year anniversary Shares vest on one-year anniversary of award date

Vesting trigger 2 Next annual meeting Alternative vesting date: next annual stockholder meeting

Key Terms

restricted stock grant, dividend reinvestment plan, Form 4, grant, award, or other acquisition, +1 more

5 terms

restricted stock grant financial

"Restricted stock grant. Shares vest upon the earlier to occur of..."

A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.

dividend reinvestment plan financial

"Includes 185 shares acquired under LTC Properties, Inc's dividend reinvestment plan."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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^*

TRICHE TIMOTHY

(Last) (First) (Middle)

3011 TOWNSGATE ROAD

SUITE 220

(Street)

WESTLAKE VILLAGE CALIFORNIA 91361

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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	05/20/2026		A(1)		3,077	A	$39	40,909(2)	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. Restricted stock grant. Shares vest upon the earlier to occur of (i) the one-year anniversary of the original date of award, and (ii) the date of the next annual meeting of stockholders.

2. Includes 185 shares acquired under LTC Properties, Inc's dividend reinvestment plan.

	/s/ Timothy J. Triche	05/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did LTC (LTC) report for Timothy Triche?

LTC Properties reported that director Timothy Triche received a grant of 3,077 restricted shares of common stock. The award was recorded at $39.00 per share and represents equity compensation, not an open-market purchase or sale, increasing his direct holdings in the company.

How many LTC (LTC) shares does Timothy Triche hold after this grant?

After the restricted stock grant, Timothy Triche directly holds 40,909 shares of LTC Properties common stock. This total includes 185 shares acquired through the company’s dividend reinvestment plan, as disclosed in the Form 4 footnotes for this insider equity award transaction.

When do Timothy Triche’s new LTC (LTC) restricted shares vest?

The 3,077 restricted LTC Properties shares granted to Timothy Triche vest on the earlier of one year from the original award date or the date of the next annual meeting of stockholders, providing a time-based vesting schedule tied to both tenure and the company’s governance calendar.

Was Timothy Triche’s LTC (LTC) transaction an open-market buy or sell?

No. The Form 4 shows Timothy Triche’s transaction as a grant or award of 3,077 restricted shares, coded “A” for acquisition. It is compensation-based, not an open-market purchase or sale, so it reflects board-related equity incentives rather than discretionary trading activity.

What does the Form 4 say about LTC (LTC) dividend reinvestment plan shares?

The Form 4 footnotes state that Timothy Triche’s post-transaction holdings of 40,909 LTC Properties shares include 185 shares acquired under the company’s dividend reinvestment plan, clarifying that a small portion of his position comes from automatically reinvested dividends rather than separate stock market transactions.