LTC Properties (NYSE: LTC) awards 3,077 restricted shares to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LTC Properties director Jeffrey C. Hawken received a grant of 3,077 shares of restricted common stock. The shares vest upon the earlier of one year from the award date or the next annual meeting of stockholders. After this award, he holds 6,387 shares directly, including 185 acquired through the company’s dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HAWKEN JEFFREY C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,077 | $39.00 | $120K |
Holdings After Transaction:
Common Stock — 6,387 shares (Direct)
Footnotes (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 stock grant: 3,077 shares
Grant price: $39.00 per share
Shares held after transaction: 6,387 shares
+1 more
4 metrics
Restricted stock grant
3,077 shares
Awarded to director Jeffrey C. Hawken
Grant price
$39.00 per share
Value assigned to restricted common stock
Shares held after transaction
6,387 shares
Direct holdings following the award
Dividend reinvestment plan shares
185 shares
Included within total direct holdings
Key Terms
Restricted stock grant, dividend reinvestment plan, annual meeting of stockholders
3 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.
annual meeting of stockholders financial
"the date of the next annual meeting of stockholders."
FAQ
What insider transaction did LTC (LTC Properties Inc) report for Jeffrey C. Hawken?
LTC Properties reported that director Jeffrey C. Hawken received a grant of 3,077 shares of restricted common stock. This is a stock award, not an open-market purchase or sale, and increases his directly held position in the company.
At what price was Jeffrey C. Hawken’s restricted stock grant in LTC recorded?
Jeffrey C. Hawken’s restricted stock grant was recorded at $39.00 per share. This figure reflects the per-share value assigned to the 3,077 restricted common shares awarded to him, as disclosed in the Form 4 filing for LTC Properties.
What portion of Jeffrey C. Hawken’s LTC holdings comes from the dividend reinvestment plan?
Out of Jeffrey C. Hawken’s 6,387 directly held LTC shares, 185 shares were acquired through LTC Properties’ dividend reinvestment plan. The filing specifies this amount, highlighting that a small part of his position results from automatic dividend reinvestment.