Tax withholding moves 8,635 LTC (NYSE: LTC) shares for Executive Chair

Rhea-AI Filing Summary

LTC Properties Inc Executive Chairman Wendy Simpson reported a routine tax-related share disposition. On February 13, 2026, she transferred 8,635 shares of common stock at $39.39 per share to cover taxes due on the vesting of a previously reported restricted stock grant. After this tax-withholding transaction, she directly owned 362,358 shares of LTC Properties common stock.

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^*

SIMPSON WENDY

(Last) (First) (Middle)

3011 TOWNSGATE ROAD

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		F(1)		8,635	D	$39.39	362,358	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 previously reported restricted stock grant.

	/s/ Wendy Simpson	02/16/2026
	** 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 PROPERTIES INC) report for Wendy Simpson?

LTC reported that Executive Chairman Wendy Simpson transferred 8,635 common shares to cover taxes on a vesting restricted stock grant. This tax-withholding disposition was coded “F” and did not represent an open-market purchase or sale of LTC shares.

Was the LTC (LTC PROPERTIES INC) insider Form 4 a stock sale or tax withholding?

The Form 4 reflects tax withholding, not an open-market sale. 8,635 LTC common shares were disposed of to satisfy tax obligations when a previously granted restricted stock award vested, as described in the filing’s footnote and transaction code “F.”

How many LTC shares did Wendy Simpson dispose of and at what price?

Wendy Simpson disposed of 8,635 LTC common shares at a price of $39.39 per share. The transaction was a tax-withholding disposition tied to the vesting of restricted stock, rather than a discretionary sale into the market or open trading program.

How many LTC (LTC PROPERTIES INC) shares does Wendy Simpson own after this transaction?

After the tax-withholding disposition, Wendy Simpson directly owns 362,358 LTC common shares. This figure reflects her remaining direct holdings following the transfer of 8,635 shares used to cover tax liabilities on the vesting restricted stock grant.

What does transaction code “F” mean in the LTC insider Form 4 filing?

Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this LTC filing, it shows 8,635 shares were withheld to satisfy taxes due on a vesting restricted stock award previously reported for Wendy Simpson.

Does the LTC insider transaction indicate a change in investment stance by Wendy Simpson?

The transaction appears administrative rather than strategic. Shares were disposed of solely for tax withholding on a vesting restricted stock grant, with no indication of an open-market sale decision or change in Wendy Simpson’s broader investment stance toward LTC.