STOCK TITAN

Sabra Health Care REIT (SBRA) director granted 8,310 stock units and updates holdings

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(Neutral)
Form Type
4

Rhea-AI Filing Summary

FOSTER MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Sabra Health Care REIT director Michael J. Foster reported a new equity award and updated holdings. He received a grant of 8,310 shares of common stock as a restricted stock unit award at a stated price of $0.00 per share, increasing his direct ownership to 82,043 shares after the award. The units were granted under the company’s 2009 Performance Incentive Plan and will vest in equal monthly installments beginning on July 17, 2026 and ending on the earlier of June 17, 2027 or the day before the next annual stockholders’ meeting. The filing also shows 42,411.745 shares held indirectly through a 401(k) plan and notes that his equity mix includes 8,310 unvested stock units and 55,016 vested but deferred stock units, each representing the right to receive one share of common stock.

Positive

  • None.

Negative

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Insights

Routine director equity grant with staged vesting and deferred units.

Director Michael J. Foster received 8,310 restricted stock units at a stated price of $0.00 per share, bringing direct holdings to 82,043 shares. This appears to be a standard equity award under Sabra Health Care REIT’s 2009 Performance Incentive Plan.

The footnotes show a structured vesting schedule from July 17, 2026 through the earlier of June 17, 2027 or the day before the next annual stockholders’ meeting, plus 55,016 vested units with deferred payment. This design ties compensation to ongoing board service and long-term share performance.

The filing also reports 42,411.745 shares held indirectly via a 401(k) plan and a mix of unvested and deferred units. Overall, this looks like routine, compensation-driven equity accumulation rather than an open-market transaction, so the informational signal for investors is limited.

Insider FOSTER MICHAEL J
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 8,310 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 82,043 shares (Direct); Common Stock — 42,411.745 shares (Indirect, 401(k) Plan)
Footnotes (1)
  1. Grant of restricted stock units under the Issuer's 2009 Performance Incentive Plan. The units vest in equal monthly installments beginning July 17, 2026 and ending on the earlier of June 17, 2027 or the day before the date of the next annual stockholders' meeting. Includes 8,310 unvested stock units and 55,016 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.
RSU grant size 8,310 shares Restricted stock units granted to director on June 17, 2026
Grant price $0.00 per share Stated price for RSU award under 2009 Performance Incentive Plan
Direct holdings after award 82,043 shares Common stock directly owned following the RSU grant
Indirect 401(k) holdings 42,411.745 shares Common stock held indirectly through 401(k) plan after transaction
Unvested stock units 8,310 units Unvested stock units representing future right to shares
Deferred vested units 55,016 units Vested stock units with deferred payment right to one share each
Vesting start date July 17, 2026 Start of equal monthly vesting for the RSU grant
Vesting end limit June 17, 2027 Latest vesting date or day before next annual stockholders’ meeting
restricted stock units financial
"Grant of restricted stock units under the Issuer's 2009 Performance Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2009 Performance Incentive Plan financial
"Grant of restricted stock units under the Issuer's 2009 Performance Incentive Plan."
vest in equal monthly installments financial
"The units vest in equal monthly installments beginning July 17, 2026 and ending on the earlier of June 17, 2027..."
deferred financial
"Includes 8,310 unvested stock units and 55,016 stock units that have vested but the payment of which has been deferred."
401(k) Plan financial
"total_shares_following_transaction 42411.7450; nature_of_ownership "401(k) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Sabra Health Care REIT (SBRA) director Michael J. Foster report in this Form 4?

Michael J. Foster reported receiving 8,310 restricted stock units of Sabra Health Care REIT common stock as an equity award. The grant increased his direct holdings to 82,043 shares and was issued under the company’s 2009 Performance Incentive Plan with a defined vesting schedule.

How many Sabra Health Care REIT (SBRA) shares did Michael J. Foster acquire in this transaction?

He acquired 8,310 shares of Sabra Health Care REIT common stock through a restricted stock unit grant. The stated price was $0.00 per share, reflecting a compensation award rather than a market purchase, and it raised his directly owned shares to 82,043 after the grant.

What is the vesting schedule for Michael J. Foster’s new SBRA restricted stock units?

The 8,310 restricted stock units vest in equal monthly installments starting July 17, 2026. Vesting continues until the earlier of June 17, 2027 or the day before Sabra Health Care REIT’s next annual stockholders’ meeting, linking the award to ongoing board service.

How many Sabra Health Care REIT (SBRA) shares does Michael J. Foster hold after this Form 4?

After the reported award, Michael J. Foster holds 82,043 Sabra Health Care REIT shares directly. He also has 42,411.745 shares held indirectly through a 401(k) plan, plus a combination of unvested and vested but deferred stock units tied to future share delivery.

What deferred and unvested stock units does Michael J. Foster have in Sabra Health Care REIT (SBRA)?

He holds 8,310 unvested stock units and 55,016 stock units that have already vested but whose payment is deferred. Each unit represents the right to receive one share of Sabra Health Care REIT common stock, providing additional future equity exposure beyond his current share holdings.

Is Michael J. Foster’s SBRA transaction an open-market buy or a compensation grant?

The filing shows a compensation grant, not an open-market purchase. Michael J. Foster received 8,310 restricted stock units at a stated price of $0.00 per share under Sabra Health Care REIT’s 2009 Performance Incentive Plan, indicating a director equity award structure.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
FOSTER MICHAEL J

(Last)(First)(Middle)
C/O SABRA HEALTH CARE REIT, INC.
1781 FLIGHT WAY

(Street)
TUSTIN CALIFORNIA 92782

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Sabra Health Care REIT, Inc. [ SBRA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/17/2026A8,310(1)A$082,043(2)D
Common Stock42,411.745I401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Grant of restricted stock units under the Issuer's 2009 Performance Incentive Plan. The units vest in equal monthly installments beginning July 17, 2026 and ending on the earlier of June 17, 2027 or the day before the date of the next annual stockholders' meeting.
2. Includes 8,310 unvested stock units and 55,016 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.
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney
/s/ Michael Costa, as Attorney-in-Fact06/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)