Form 4 for RC Ready Capital Corp

Accepted 2022-02-15 00:00:00 ET · period of report 2022-02-12 · accession 0001104659-22-023887 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2022-02-15	2022-02-12	RC	Taylor Gary	COO	F - Tax	$14.19	-4,367	57.3K	-7%	-$62.0K
	2022-02-15	2022-02-12	RC	Taylor Gary	COO	A - Grant	$0.00	+22.9K	61.7K	+59%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common stock	2022-02-12	F	D	4,367	$14.19	57,295	D	—	—	(F2) Consists of shares of Common Stock withheld by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of 10,596 shares of Common Stock. (F3) Represents the closing price of the Common Stock on February 11, 2022.
2	Common	Common stock	2022-02-12	A	A	22,903	$0.00	61,662	D	—	—	(F1) On February 12, 2022, the reporting person was awarded 22,903 Restricted Stock Units ("RSUs") under the 2012 Ready Capital Corporation Equity Incentive Plan, which represent the right to receive one share of Common Stock of the Issuer for each RSU at vesting. Pursuant to the terms of the award agreement, the RSUs will vest in equal installments of one-third on February 12, 2023, February 12, 2024 and February 12, 2025. 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.