Durst Douglas 4

What Happened
Douglas Durst, a director of Ladder Capital Corp (ticker: LADR), was reported to have received an award/acquisition of 7,198 common shares on February 18, 2026. The Form 4 lists an acquisition price of $0 for the grant (total reported value $0), indicating a non–open-market award rather than a purchase.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20.
• Transaction type/code: A — Grant, award or other acquisition.
• Shares acquired: 7,198; acquisition price reported as $0 (total reported value $0).
• Shares owned after transaction: Not specified in the provided details.
• Footnotes of note:
  • The reporting person disclaims beneficial ownership except for his pecuniary interest (F1).
  • The shares are held directly by The Durst Company LLC, which is indirectly owned by trusts for Mr. Durst and family; investment decisions are made by The Durst Manager LLC, indirectly controlled by Mr. Durst (F2).
• Filing timeliness: Form 4 filed two days after the transaction date (filed 2026-02-20 for a 2026-02-18 transaction); no late-filing flag was provided in the supplied info.

Context

• This was an award/grant (non-market acquisition). Such filings report the issuance or allocation of shares rather than an open-market buy or sell, and do not by themselves indicate the director’s intent to buy or sell additional stock.
• Because the shares are held through entity and trust structures and Mr. Durst disclaims direct beneficial ownership except for pecuniary interest, the report reflects indirect ownership/control rather than direct personal holdings.