LTC LTC PROPERTIES INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in only 0/4 quarters. Q3 2020: $0M, Q3 2021: $0M, Q2 2020: $0M, Q2 2021: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

No buyback activity

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

No buyback spending. FCF: $19M

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 2,463,308 shares = 5.4% of 45,511,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

9 open-market purchases by 2 insiders

• Gruber David L () bought 7,000 shares at $38.00 on 2026-03-05
• BOITANO DAVID M (EVP & CIO) bought 5,000 shares at $34.30 on 2025-12-31
• BOITANO DAVID M (EVP & CIO) bought 5,000 shares at $34.58 on 2025-12-31
• Gruber David L () bought 1,000 shares at $35.94 on 2025-11-07
• Gruber David L () bought 2,000 shares at $35.35 on 2025-11-06
• Gruber David L () bought 2,000 shares at $35.46 on 2025-11-06
• BOITANO DAVID M (EVP & CIO) bought 3,000 shares at $34.62 on 2025-06-27
• BOITANO DAVID M (EVP & CIO) bought 3,000 shares at $34.80 on 2025-06-27
• BOITANO DAVID M (EVP & CIO) bought 4,000 shares at $34.50 on 2025-06-26

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $1M, sold $0M (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected