FRANK P. FILIPPS - 12 Feb 2023 Form 4 Insider Report for Ready Capital Corp (RC)

Role: Director
Signature: /s/ Misbah Mohiuddin, Attorney-in-Fact
Issuer symbol: RC
Transactions as of: 12 Feb 2023
Transactions value $: $0
Form type: 4
Filing time: 14 Feb 2023, 19:15:39 UTC
Previous filing: 03 Jan 2023
Next filing: 05 Jul 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RC	Common stock	Award	$0	+8.86K	+20.86%	$0.00	51.3K	12 Feb 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.

Content

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.