Scali Dominick 4
4 · Ready Capital Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Ready Capital (RC) Chief Credit Officer Receives Award
What Happened
- Dominick Scali, Chief Credit Officer of Ready Capital Corp (RC), was granted large equity awards and had shares withheld to cover tax withholding. He received 350,000 restricted shares (awarded Mar 2, 2026), 194,175 restricted shares (awarded Mar 5, 2026), and 1,050,000 performance-based restricted stock units (PSUs) on Mar 2, 2026. The restricted shares and PSUs were granted at $0.00 (awards). Separately, 26,313 shares were disposed/withheld on Mar 13, 2026 at $1.74 per share to satisfy tax withholding obligations, generating proceeds/withholding value of $45,785.
- These awards are not purchases (they are compensation/retention awards). The 26,313-share disposition is a routine tax-withholding action rather than a market sale for investment purposes.
Key Details
- Transaction types and dates:
- Mar 2, 2026: Award of 350,000 restricted Common Stock (vests Dec 31, 2028) — Code A, $0.00 per share.
- Mar 5, 2026: Award of 194,175 restricted Common Stock (vests in three equal annual installments: Mar 5, 2027/2028/2029) — Code A, $0.00 per share.
- Mar 2, 2026: Award of 1,050,000 performance-based restricted stock units (PSUs) — Code A (derivative), contingent vesting tied to VWAP milestones and continued employment.
- Mar 13, 2026: 26,313 shares withheld/disposed to satisfy tax withholding from prior vested awards — Code F, $1.74 per share, total $45,785.
- Shares owned after the transactions: not specified in the summary provided; refer to the full Form 4 for total beneficial ownership following these transactions.
- Notable footnotes:
- The 350,000 RSUs vest Dec 31, 2028 subject to continued employment (F1).
- The 194,175 RSUs vest one-third each year on Mar 5, 2027/2028/2029, subject to continued employment (F2).
- The 26,313 shares reflect issuer withholding to satisfy tax obligations from earlier vestings (F3); $1.74 is the closing price used (F4).
- Each PSU equals a contingent right to one share (or cash). The 1,050,000 PSUs vest in up to ten parts tied to VWAP milestones and continued employment; they will settle in shares if shareholders approve a Plan amendment at the 2026 annual meeting, otherwise in cash (F5-F6).
- Filing timeliness: The Form 4 was filed Mar 17, 2026 for transactions beginning Mar 2, 2026 — this appears later than the typical two-business-day reporting window for Form 4s; see the filing for any explanation.
Context
- Awards (A) are compensation/retention grants and are common for executives; they are not direct buying or selling of stock by the executive as an investment signal.
- The disposal (F) is a tax-withholding action (shares withheld or sold to cover taxes), a routine administrative step that does not necessarily reflect sentiment about the company.
Insider Transaction Report
Form 4
Scali Dominick
Chief Credit Officer
Transactions
- Award
Common Stock
[F1]2026-03-02+350,000→ 530,637 total - Award
Common Stock
[F2]2026-03-05+194,175→ 724,812 total - Tax Payment
Common Stock
[F3][F4]2026-03-13$1.74/sh−26,313$45,785→ 698,499 total - Award
Performance Stock Units
[F5][F6]2026-03-02+1,050,000→ 1,050,000 total→ Common Stock (1,050,000 underlying)
Footnotes (6)
- [F1]On March 2, 2026, the reporting person was awarded a special time-based retention award of 350,000 shares of restricted Common Stock under the Ready Capital Corporation 2023 Equity Incentive Plan (the "Plan"). The shares will vest on December 31, 2028, conditioned upon the reporting person's continued employment (with certain exceptions).
- [F2]On March 5, 2026, the reporting person was awarded 194,175 shares of restricted Common Stock under the Plan. The shares will vest in equal installments of one-third on March 5, 2027, March 5, 2028 and March 5, 2029, conditioned upon the reporting person's continued employment (with certain exceptions).
- [F3]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 granted on February 22, 2025, February 22, 2024 and February 12, 2023.
- [F4]Represents the closing price of the Common Stock on March 13, 2026.
- [F5]Each performance stock unit represents a contingent right to receive one share of Common Stock (or an equivalent cash payment, as further described in footnote (6) below).
- [F6]On March 2, 2026, the reporting person was awarded a special performance-based retention award of 1,050,000 performance-based restricted stock units ("PSUs") under the Plan. The PSUs may vest in up to ten, approximately equal parts, provided that the 30-day volume weighted average price of the Common Stock equals or exceeds ten, approximately equally spaced milestones between specified points, and further conditioned upon the reporting person's continued employment (with certain exceptions). The PSUs (i) will be settled in shares of Common Stock if the stockholders of the Company approve at the 2026 annual meeting of stockholders ("2026 Annual Meeting") an amendment to the Plan to increase the pool of shares available for grant thereunder (the "Plan Amendment"), or (ii) if the Plan Amendment is not approved by the Company's stockholders at the 2026 Annual Meeting, then the PSUs will be settled in cash based upon the value per share of Common Stock on the applicable vesting date.
Signature
/s/ Mike Wu, Attorney-in-Fact|2026-03-17