Sonida (SNDA) CEO covers tax bill through restricted share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonida Senior Living President & CEO Brandon Ribar reported a tax-related share withholding event. On the vesting of restricted stock, 3,067 shares of common stock were withheld at $36.94 per share to cover tax obligations, a non-market transaction.
After this withholding, Ribar directly holds 303,831 shares of common stock. The disclosure also notes performance-based RSUs that may vest after 2027 and 2028 if specified financial goals are met and the Compensation Committee certifies the results.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ribar Brandon
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,067 | $36.94 | $113K |
Holdings After Transaction:
Common Stock — 303,831 shares (Direct, null)
Footnotes (1)
- Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations. Not included in this amount are (i) 23,384 performance-based RSUs which are eligible to vest from 0% to 150% following the end of 2027 and (ii) 34,535 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
Shares withheld for taxes: 3,067 shares
Withholding reference price: $36.94 per share
Shares held after transaction: 303,831 shares
+2 more
5 metrics
Shares withheld for taxes
3,067 shares
Withheld upon vesting of restricted stock to satisfy tax obligations
Withholding reference price
$36.94 per share
Value used for tax-withholding disposition of Sonida common stock
Shares held after transaction
303,831 shares
Direct common stock ownership by Brandon Ribar following withholding
2027 performance-based RSUs
23,384 RSUs
Eligible to vest from 0% to 150% following the end of 2027
2028 performance-based RSUs
34,535 RSUs
Eligible to vest from 0% to 150% following the end of 2028
Key Terms
restricted stock, tax withholding obligations, performance-based RSUs, vesting, +1 more
5 terms
restricted stock financial
"Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligations financial
"Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations."
performance-based RSUs financial
"Not included in this amount are 23,384 performance-based RSUs which are eligible to vest from 0% to 150% following the end of 2027."
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.
vesting financial
"Performance-based RSUs which are eligible to vest from 0% to 150% following the end of 2028."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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.