Ready Capital (RC) CCO receives major stock and 1.05M PSU grants
Rhea-AI Filing Summary
Ready Capital Corp Chief Credit Officer Dominick Scali reported equity compensation awards and a related tax withholding transaction. He received a special retention grant of 350,000 shares of restricted Common Stock on March 2, 2026, vesting on December 31, 2028, if his employment continues.
On March 2, 2026 he was also granted 1,050,000 performance stock units (PSUs) that may vest in up to ten parts if specified 30‑day volume weighted average price milestones are met and employment continues. These PSUs will be settled in shares only if stockholders approve a 2026 plan amendment; otherwise they will be settled in cash.
On March 5, 2026 he received an additional 194,175 restricted shares, vesting in three equal installments on March 5 of 2027, 2028 and 2029, subject to continued employment. On March 13, 2026, 26,313 shares were withheld to cover tax obligations on earlier grants, leaving 698,499 Common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 26,313 | $1.74 | $46K |
| Grant/Award | Common Stock | 194,175 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 1,050,000 | $0.00 | -- |
| Grant/Award | Common Stock | 350,000 | $0.00 | -- |
Footnotes (1)
- 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). 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). 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. Represents the closing price of the Common Stock on March 13, 2026. 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). 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.
