Sonida Senior Living (SNDA) awards 8,482 RSUs to investment chief
Rhea-AI Filing Summary
Levy Max reported acquisition or exercise transactions in this Form 4 filing.
Sonida Senior Living granted SVP & Chief Investment Officer Max Levy 8,482 restricted stock units on April 17, 2026. These RSUs vest in equal installments over three years on each anniversary of the grant date, providing equity-based compensation that ties his pay to future company performance.
In total, Levy now directly holds 103,487 shares of common stock. Separate from this grant, he also holds 11,692 performance-based RSUs that may vest from 0% to 150% after the end of 2027 and 12,723 performance-based RSUs with similar performance-based vesting after the end of 2028, contingent on the company meeting specified financial goals and Compensation Committee certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,482 shares
Net Buy
1 txn
Insider
Levy Max
Role
SVP & Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,482 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 103,487 shares (Direct)
Footnotes (2)
- F1. Reflects a grant of restricted stock units ("RSUs") that was made to the reporting person on April 17, 2026 and that will vest equally over a three-year period on each anniversary of the grant date.
- F2. Not included in this amount are (i) 11,692 performance-based RSUs which are eligible to vest from 0% to 150% following the end of 2027 and (ii) 12,723 performance-based RSUs which are eligible to vest from 0% to 150% following the end of 2028. Vesting for the award is subject to the Issuer's achievement of certain financial goals and certification by the Compensation Committee.
Key Figures
RSU grant: 8,482 RSUs
Shares after grant: 103,487 shares
2027 performance RSUs: 11,692 RSUs
+2 more
5 metrics
RSU grant
8,482 RSUs
Granted April 17, 2026 to SVP & Chief Investment Officer
Shares after grant
103,487 shares
Common stock directly held after transaction
2027 performance RSUs
11,692 RSUs
Eligible to vest 0%–150% after end of 2027
2028 performance RSUs
12,723 RSUs
Eligible to vest 0%–150% after end of 2028
Time-based vesting term
3 years
RSU grant vests equally over three anniversaries of grant
Key Terms
restricted stock units ("RSUs"), performance-based RSUs, Compensation Committee
3 terms
restricted stock units ("RSUs") financial
"Reflects a grant of restricted stock units ("RSUs") that was made"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance-based RSUs financial
"Not included in this amount are (i) 11,692 performance-based RSUs"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
Compensation Committee financial
"Vesting for the award is subject to the Issuer's achievement of certain financial goals and certification by the Compensation Committee."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did SNDA executive Max Levy receive?
Max Levy received 8,482 restricted stock units as an equity award. The grant was made on April 17, 2026 and will vest in three equal annual installments on each anniversary of the grant date, aligning his compensation with longer-term company performance.
How do the new RSUs for SNDA’s Max Levy vest over time?
The 8,482 restricted stock units granted to Max Levy vest equally over three years. One-third vests on each anniversary of the April 17, 2026 grant date, so full vesting occurs after three years if required service and conditions are satisfied.
What performance-based RSUs does SNDA’s Max Levy have outstanding?
Max Levy holds 11,692 performance-based RSUs tied to results through the end of 2027 and 12,723 performance-based RSUs tied to results through the end of 2028. Each award can vest between 0% and 150%, depending on financial goal achievement and Compensation Committee certification.
What conditions affect vesting of SNDA performance-based RSUs for Max Levy?
Vesting of Max Levy’s performance-based RSUs depends on Sonida Senior Living achieving specified financial goals. After the performance periods ending in 2027 and 2028, the Compensation Committee must certify results, and each award can vest from 0% up to 150% of the target RSU amount.