Ready Capital director awarded 58,252 RSUs
Sinai Todd M. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Sinai Todd M. reported acquisition or exercise transactions in this Form 4 filing.
Ready Capital Corp director Todd M. Sinai reported an equity award of 58,252 shares of Common Stock in the form of restricted stock units on March 5, 2026. The grant was made at no cash cost and increased his directly owned Common Stock to 142,520 shares.
The 58,252 RSUs were granted under the Ready Capital Corporation 2023 Equity Incentive Plan and will vest in four equal installments on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. Each RSU represents the right to receive one share of Common Stock at vesting or at a deferred settlement date elected by Sinai.
On these unvested RSUs, Sinai is entitled to dividend equivalent rights from the grant date, payable in cash in an amount equal to the cash dividend paid on each share of Ready Capital Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 58,252 | $0.00 | $0.00 |
Footnotes (1)
- F1. On March 5, 2026, the reporting person was awarded 58,252 Restricted Stock Units ("RSUs") under the Ready Capital Corporation 2023 Equity Incentive Plan, which represent the right to receive one share of Common Stock of the Issuer for each RSU at vesting or, at the election of the reporting person, a deferred settlement date. The RSUs will vest in equal installments of one-quarter on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. The reporting person will receive dividend equivalent rights on unvested RSUs from the grant date payable in cash in an amount equal to the cash dividend distributions paid on a share of Common Stock of the Issuer.
FAQ
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What does the Ready Capital (RC) Form 4 for Todd M. Sinai report?
How many Ready Capital (RC) RSUs were granted to Todd M. Sinai and how do they convert?
What is the vesting schedule for Todd M. Sinai’s Ready Capital (RC) RSU award?
Do Todd M. Sinai’s Ready Capital (RC) RSUs receive dividend equivalents?
Under which plan were Todd M. Sinai’s Ready Capital (RC) RSUs granted?
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