Sonida SVP granted 130,000 performance units
Levy Max reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Levy Max reported acquisition or exercise transactions in this Form 4 filing.
Sonida Senior Living, Inc. reported that SVP & Chief Investment Officer Max Levy received a grant of 130,000 performance stock units. Each unit represents a potential share of common stock but is contingent on stockholders approving an increase to the 2019 plan share reserve and the closing of Sonida’s previously announced merger with CNL Healthcare Properties, Inc.
Between 33% and 100% of the 130,000 target PSUs may vest over a three-year performance period from February 23, 2027 to February 23, 2030, with a possible 30-day extension, based on Sonida’s common stock reaching specified price levels.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 130,000 shares
Grant/Award
1 txn
Insider
Levy Max
Role
SVP & Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units | 130,000 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Units — 130,000 contracts (Direct)
Footnotes (1)
- F1. Represents an award of performance stock units ("PSUs") representing a contingent right to receive one share of common stock, par value $0.01 per share ("Common Stock"), of Sonida Senior Living, Inc. (the "Issuer") per PSU, which is conditional upon the Issuer's stockholders approving an amendment to the 2019 Plan (as defined below) to increase the share reserve under the 2019 Plan and the closing of the Issuer's previously announced merger with CNL Healthcare Properties, Inc. Between 33% and 100% of the target number of PSUs granted, which were granted under the Sonida Senior Living, Inc. 2019 Omnibus Stock and Incentive Plan, as amended (the "2019 Plan"), are eligible to vest during a three-year period beginning on February 23, 2027 and ending on February 23, 2030 (the "Performance Period"), subject to a potential 30-day extension as set forth in the award agreement, based on the Issuer's Common Stock achieving specified prices per share during the Performance Period.
Key Figures
Performance stock units granted: 130,000 units
Underlying common shares: 130,000 shares
Vesting range: 33%–100% of target PSUs
+3 more
6 metrics
Performance stock units granted
130,000 units
Award to Max Levy as of February 23, 2026
Underlying common shares
130,000 shares
One share of common stock per PSU
Vesting range
33%–100% of target PSUs
Eligible to vest based on stock price performance
Performance period start
February 23, 2027
Beginning of three-year performance period
Performance period end
February 23, 2030
End of three-year performance period, plus possible 30-day extension
Transaction price per unit
$0.0000
Grant or award acquisition, no cash paid per unit
Key Terms
performance stock units, 2019 Omnibus Stock and Incentive Plan, Performance Period, contingent right, +1 more
5 terms
performance stock units financial
"Represents an award of performance stock units ("PSUs") representing a contingent right"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
2019 Omnibus Stock and Incentive Plan financial
"granted under the Sonida Senior Living, Inc. 2019 Omnibus Stock and Incentive Plan, as amended"
Performance Period financial
"ending on February 23, 2030 (the "Performance Period"), subject to a potential 30-day extension"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
contingent right financial
"PSUs representing a contingent right to receive one share of common stock"
FAQ
What equity award did Max Levy receive from SNDA?
Max Levy received 130,000 performance stock units, each representing a potential share of Sonida common stock. The award is part of the 2019 Omnibus Stock and Incentive Plan and is structured to vest based on future stock price performance over a defined multi‑year period.
What conditions must be met for Max Levy’s SNDA performance units to be effective?
The performance stock units only become effective if Sonida stockholders approve an amendment increasing the share reserve under the 2019 Plan and if the previously announced merger with CNL Healthcare Properties, Inc. closes. Without both conditions, the PSUs would not become operative as granted.
Over what period can Max Levy’s SNDA performance stock units vest?
The performance units may vest during a three‑year performance period running from February 23, 2027 to February 23, 2030, subject to a possible 30‑day extension. Vesting depends on Sonida’s common stock achieving specified price targets during that timeframe.
Is Max Levy paying cash to acquire these SNDA performance stock units?
No cash purchase is involved; the Form 4 describes this as a grant or award acquisition with a transaction price of $0.0000 per unit. The units are part of his compensation package and vest only if predefined stockholder approvals, merger closing, and stock price conditions are satisfied.
What plan governs Max Levy’s SNDA performance unit grant?
The award was granted under the Sonida Senior Living, Inc. 2019 Omnibus Stock and Incentive Plan. An amendment to this plan, increasing its share reserve, must be approved by stockholders for the performance stock units to become effective under the terms described in the filing.
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