Sabra Health Care REIT Insider: 813 Units Credited, Ownership Now 73,130
Rhea-AI Filing Summary
Sabra Health Care REIT director Michael J. Foster was credited with 813 stock units on 08/29/2025 as dividend-equivalent payments tied to previously granted performance stock units; those units carry the same vesting and payment terms as the original awards. After the reported transaction, Foster beneficially owns 73,130 shares (including 6,922 unvested units and 45,688 vested units with deferred payment). In addition, Foster holds 42,411.745 shares indirectly through a 401(k) plan.
The Form 4 reflects routine insider equity compensation mechanics rather than an open-market purchase or sale: the 813 units were credited at $0 as dividend equivalents and will vest/pay under the existing plan terms.
Positive
- 813 stock units credited as dividend equivalents, increasing insider alignment with shareholders
- Clear breakdown of beneficial ownership: 73,130 total shares including 6,922 unvested and 45,688 vested-but-deferred units; 42,411.745 indirect via 401(k)
Negative
- None.
Insights
TL;DR: Routine dividend-equivalent credit increases insider ownership without cash purchase.
The filing documents a standard administrative credit of 813 stock units as dividend equivalents under the issuer's 2009 Performance Incentive Plan. Such credits are customary for executives and directors holding performance-based equity and do not indicate active buying or selling by the reporting person. The disclosure clarifies the composition of beneficial ownership, separating 6,922 unvested units and 45,688 vested-but-deferred units, which is useful for governance transparency.
TL;DR: Non-cash equity accrual modestly raises insider stake; not materially market-moving.
The transaction is recorded as an acquisition (code A) of 813 units at $0, representing dividend equivalents credited to existing awards. Total reported beneficial ownership of 73,130 shares and an indirect 42,411.745 shares in a 401(k) are detailed, but this activity is administrative. There is no exercise, sale, or cash consideration that would directly affect liquidity or signal an immediate change in insider sentiment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 813 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
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 6,922 unvested stock units and 45,688 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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