Todd M. Sinai - Feb 12, 2023 Form 4 Insider Report for Ready Capital Corp (RC)

Role
Director
Signature
/s/ Misbah Mohiuddin, Attorney-in-Fact
Stock symbol
RC
Transactions as of
Feb 12, 2023
Transactions value $
$0
Form type
4
Date filed
2/14/2023, 07:23 PM
Previous filing
Feb 15, 2022
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RC Common stock Award $0 +8.86K +19.75% $0.00 53.7K Feb 12, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 12, 2023, the reporting person was awarded 8,860 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 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, 2023, June 30, 2023, September 30, 2023 and December 31, 2023. 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.