Sabra Health Care REIT (SBRA) CFO receives 4,200 dividend-based stock units
Rhea-AI Filing Summary
Sabra Health Care REIT, Inc. Executive VP, CFO & Treasurer Michael Lourenco received an award of 4,200 common stock units credited as dividend equivalents on previously granted stock units, at a stated price of $0.0000 per share. These units will vest and be paid on the same schedule as the original awards. After this acquisition, he holds 465,721 shares and stock units directly, including 282,615 stock units that will settle one-for-one in common shares, plus indirect holdings of 207 shares in his spouse’s IRA and 784 shares in his own IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,200 shares
Net Buy
3 txns
Insider
Costa Michael Lourenco
Role
Executive VP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,200 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 465,721 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 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 282,615 stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.
Key Figures
Stock units granted: 4,200 stock units
Grant price: $0.0000 per share
Direct holdings after grant: 465,721 shares/units
+3 more
6 metrics
Stock units granted
4,200 stock units
Dividend equivalent grant to CFO on common stock units
Grant price
$0.0000 per share
Stated price for 4,200 stock units
Direct holdings after grant
465,721 shares/units
CFO total direct common stock and stock units after transaction
Units settling one-for-one
282,615 stock units
Will be paid one-for-one in common shares upon settlement
Spouse IRA holdings
207 shares
Indirect ownership via reporting person’s spouse’s IRA
Reporting person IRA holdings
784 shares
Indirect ownership via reporting person’s IRA
Key Terms
dividend equivalent payments, stock units, 2009 Performance Incentive Plan, settlement
4 terms
dividend equivalent payments financial
"Represents stock units credited to the reporting person in the form of dividend equivalent payments on stock units previously granted"
stock units financial
"Represents stock units credited to the reporting person in the form of dividend equivalent payments on stock units previously granted"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
2009 Performance Incentive Plan financial
"outstanding under the Issuer's 2009 Performance Incentive Plan, calculated on the basis of the market value"
settlement financial
"Includes 282,615 stock units that, upon settlement, will be paid on a one-for-one basis"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sabra Health Care REIT (SBRA) report for Michael Lourenco?
Sabra Health Care REIT reported that CFO Michael Lourenco received 4,200 common stock units as a grant tied to dividend equivalent payments. These units relate to previously granted stock units and follow the same vesting and payment schedule as the original awards.
What are the 4,200 stock units granted to Sabra Health Care REIT (SBRA) CFO based on?
The 4,200 stock units granted to the CFO are based on dividend equivalent payments on previously granted stock units. They are calculated using the market value of Sabra Health Care REIT’s common stock on the dividend payment date, as described in the filing footnote.
How will Sabra Health Care REIT (SBRA) CFO’s new stock units vest and be paid?
The new 4,200 stock units will vest and become payable on the same terms as the original stock units they relate to. Upon settlement, the underlying 282,615 stock units will be paid on a one-for-one basis in common shares of Sabra Health Care REIT.
What indirect holdings of Sabra Health Care REIT (SBRA) stock does the CFO report?
The CFO reports indirect ownership of 207 shares held in his spouse’s IRA and 784 shares in his own IRA. These are in addition to his direct holdings of 465,721 shares and stock units, as indicated in the Form 4 ownership tables.
What compensation plan governs the Sabra Health Care REIT (SBRA) stock units for the CFO?
The stock units, including the 4,200 units credited as dividend equivalents, are outstanding under Sabra Health Care REIT’s 2009 Performance Incentive Plan. This plan provides for stock unit grants and related dividend equivalent credits to executives.