Sabra (NASDAQ: SBRA) CFO gains 22,848 shares from FFO-based award vesting
Rhea-AI Filing Summary
Sabra Health Care REIT, Inc.’s Executive VP, CFO & Treasurer Michael Lourenco Costa reported acquiring 22,848 shares of common stock on February 10, 2026 through vesting of performance-based stock units granted under the company’s 2009 Performance Incentive Plan.
The award was tied to funds-from-operations performance for the period from January 1, 2025 to December 31, 2025, with the compensation committee determining 90.8% of the target was earned, including 4,803 shares from dividend equivalents. Following this transaction, Costa directly beneficially owns 457,516 common shares, and the vested units are scheduled to be settled in shares on January 4, 2027, subject to earlier payment upon death, disability, or change of control.
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Insider Trade Summary
Net Buyer: 22,848 shares
Net Buy
3 txns
Insider
Costa Michael Lourenco
Role
Executive VP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 22,848 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 457,516 shares (Direct);
Common Stock — 784 shares (Indirect, By Reporting Person's IRA);
Common Stock — 207 shares (Indirect, By Reporting Person's Spouse's IRA)
Footnotes (2)
- F1. Represents the vesting of stock units granted under the Issuer's 2009 Performance Incentive Plan subject to a funds from operations-based stock unit ("FFO units") award granted on December 27, 2022, including 4,803 shares with respect to dividend equivalent payments calculated based on the market value of the Issuer's Common Stock on the applicable dividend date. The Compensation Committee determined on February 10, 2026 that the number of FFO units earned was 90.8% of the target. Upon this determination, the FFO units vested immediately. Each FFO unit represented a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's achievement of a funds from operations target for a performance period beginning January 1, 2025 and ending December 31, 2025. The vested units will be paid on a one-for-one basis in shares of the Issuer's Common Stock on January 4, 2027, subject to earlier payment in the event of death, disability or change of control.
- F2. Includes 274,410 stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.
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FAQ
What insider transaction did SBRA’s CFO report on this Form 4?
SBRA’s Executive VP, CFO & Treasurer Michael Lourenco Costa reported acquiring 22,848 shares of common stock. The shares came from vesting of performance-based stock units granted under Sabra’s 2009 Performance Incentive Plan, rather than from an open-market stock purchase.
How were the SBRA performance stock units earned and what percentage vested?
The stock units were tied to a funds from operations performance target for January 1, 2025 through December 31, 2025. Sabra’s compensation committee determined that 90.8% of the target was achieved, which triggered immediate vesting of the corresponding FFO-based stock units into common shares.
When will the vested SBRA units be paid out in common stock?
The vested FFO-based units are scheduled to be settled on a one-for-one basis in shares of Sabra’s common stock on January 4, 2027. The award allows for earlier payment if there is death, disability, or a change of control before that date.
What role did dividend equivalents play in the SBRA stock award vesting?
The reported 22,848 acquired shares include 4,803 shares attributed to dividend equivalent payments. These dividend equivalents were calculated using the market value of Sabra’s common stock on each applicable dividend date and were added to the vested performance-based stock unit award.
What other SBRA equity does the executive hold in stock units?
The filing indicates that holdings include 274,410 stock units. Upon settlement, each stock unit will be paid in one share of Sabra’s common stock, providing additional future equity exposure beyond currently owned common shares.