Director at Sabra Health Care REIT (SBRA) receives 781 stock units award
Rhea-AI Filing Summary
Catherine Cusack, a director of Sabra Health Care REIT, Inc., reported an acquisition of 781 shares of common stock on the basis of dividend equivalent payments on previously granted stock units. The award was priced at $0.00 per share, reflecting a stock unit credit rather than a cash purchase.
After this transaction, Cusack’s direct holdings increased to 72,929 stock units and shares, including 2,854 unvested stock units and 51,345 vested stock units with deferred payment. Each stock unit represents the right to receive one share of Sabra’s common stock under the company’s 2009 Performance Incentive Plan.
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Insider Trade Summary
Net Buyer: 781 shares
Net Buy
1 txn
Insider
Cusack Catherine
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 781 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 72,929 shares (Direct)
Footnotes (2)
- F1. Represents stock units credited to the reporting person in the form of dividend equivalent payments on stock units previously granted to the reporting person that are outstanding under the Issuer's 2009 Performance Incentive Plan, calculated on the basis of the market value of the Issuer's common stock on the dividend payment date. These units will vest and become payable on the same terms as the original stock units to which they relate.
- F2. Includes 2,854 unvested stock units and 51,345 stock units that have vested but the payment of which has been deferred. Each stock unit represents the right to receive one share of the Issuer's Common Stock.
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FAQ
What insider transaction did Sabra Health Care REIT (SBRA) report for Catherine Cusack?
Sabra Health Care REIT director Catherine Cusack reported receiving 781 stock units as dividend equivalent payments on previously granted units. These credits are non-cash awards under the company’s 2009 Performance Incentive Plan and increase her overall equity-based holdings in the REIT.
Was Catherine Cusack’s Sabra Health Care REIT (SBRA) Form 4 transaction a stock purchase or a grant?
The Form 4 reflects a grant/award acquisition, not an open-market stock purchase. Cusack received 781 stock units at $0.00 per share as dividend equivalent credits on outstanding stock units under Sabra’s 2009 Performance Incentive Plan.
What are dividend equivalent stock units in the Sabra Health Care REIT (SBRA) Form 4?
Dividend equivalent stock units are additional units credited based on dividends paid on existing awards. For Cusack, 781 units were calculated using the market value of Sabra’s common stock on the dividend payment date and will vest on the same terms as the original units.
When will the new Sabra Health Care REIT (SBRA) stock units granted to Catherine Cusack vest and be payable?
The 781 new stock units granted to Catherine Cusack will vest and become payable on the same schedule as the original stock units they relate to. The Form 4 notes they follow the existing vesting and payment terms set under the 2009 Performance Incentive Plan.