LTC Properties (LTC) CFO gets stock grant with shares withheld for taxes

Rhea-AI Filing Summary

LTC Properties EVP, CFO & Treasurer Caroline Chikhale reported routine equity compensation activity. She received a grant of 10,286 shares of common stock at $39.68 per share upon vesting of a performance-based stock unit award. To cover related tax obligations, 5,550 shares were withheld, leaving her with 68,747 shares of common stock held directly after these transactions.

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)
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)		10,286	A	$39.68	74,297	D
Common Stock	03/09/2026		F(2)		5,550	D	$39.68	68,747	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/ Caroline Chikhale	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).
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FAQ

What insider transaction did LTC (LTC) report for Caroline Chikhale?

LTC Properties reported that EVP, CFO & Treasurer Caroline Chikhale received 10,286 shares of common stock from a vested performance-based stock unit award. A portion of these shares was then withheld to satisfy tax obligations associated with the vesting event.

Was the LTC (LTC) Form 4 transaction an open-market buy or sell?

The Form 4 shows no open-market buy or sell. Shares were acquired through a performance-based stock unit vesting and some were disposed of only as tax withholding, which is a mechanical process rather than a discretionary market trade.

How many LTC (LTC) shares did Caroline Chikhale retain after the reported transactions?

After the grant and related tax withholding, Caroline Chikhale directly held 68,747 shares of LTC Properties common stock. This figure reflects her post-transaction ownership as reported, showing her continuing equity stake in the company following the compensation event.

What does the tax-withholding entry on the LTC (LTC) Form 4 mean?

The tax-withholding entry reflects 5,550 shares withheld to cover taxes on the vesting of a previously reported performance-based stock unit award. This is not an open-market sale but a standard method to satisfy tax liabilities using part of the vested shares.

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

Both the stock grant and the tax-withholding disposition were reported at $39.68 per share. This price is used for Form 4 reporting purposes for the equity award vesting and the related tax withholding, as disclosed in the transaction details.