Form 4 for RC Ready Capital Corp
Accepted 2023-02-14 00:00:00 ET · period of report 2023-02-12 · accession 0001104659-23-022109 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-02-14 | 2023-02-12 | RC | Ahlborn Andrew | CFO | A - Grant | $0.00 | +30.8K | 82.2K | +60% | $0 | |
| M | 2023-02-14 | 2023-02-12+ | RC | Ahlborn Andrew | CFO | F - Tax | $13.03 | -6,280 | 76.0K | -8% | -$81.8K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock | 2023-02-12 | A | A | 30,817 | $0.00 | 82,247 | D | — | — | (F1) On February 12, 2023, the reporting person was awarded 30,817 Restricted Stock Units ("RSUs") under the 2013 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, 2024, February 12, 2025 and February 12, 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. |
| 2 | Common | Common stock | 2023-02-12 | F | D | 5,080 | $12.98 | 77,167 | 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 shares of Common Stock. (F3) Represents the closing price of the Common Stock on February 10, 2023. |
| 3 | Common | Common stock | 2023-02-13 | F | D | 1,200 | $13.25 | 75,967 | 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 shares of Common Stock. (F4) Represents the closing price of the Common Stock on February 13, 2023. |