Sonida (NYSE: SNDA) CAO has 346 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonida Senior Living SVP & Chief Accounting Officer Timothy Cober reported a routine tax-related share withholding. On the vesting of restricted stock, 346 shares of common stock were withheld on May 19, 2026 at $36.94 per share to satisfy tax withholding obligations. After this disposition, he directly holds 40,966 common shares.
In addition to these shares, Cober has 4,252 performance-based RSUs eligible to vest following the end of 2027 and 5,453 performance-based RSUs eligible to vest following the end of 2028, in each case from 0% to 150% based on financial goals certified by the Compensation Committee.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cober Timothy
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 346 | $36.94 | $13K |
Holdings After Transaction:
Common Stock — 40,966 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 4,252 performance-based RSUs which are eligible to vest from 0% to 150% following the end of 2027 and (ii) 5,453 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: 346 shares
Withholding price: $36.94 per share
Shares held after transaction: 40,966 shares
+2 more
5 metrics
Shares withheld for taxes
346 shares
Tax-withholding disposition on May 19, 2026
Withholding price
$36.94 per share
Value used for tax withholding on vested restricted stock
Shares held after transaction
40,966 shares
Direct common stock ownership after withholding
2027 performance-based RSUs
4,252 units
Eligible to vest 0%–150% following end of 2027
2028 performance-based RSUs
5,453 units
Eligible to vest 0%–150% following end of 2028
Key Terms
restricted stock, performance-based RSUs, tax withholding obligations, Compensation Committee
4 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.
performance-based RSUs financial
"Not included in this amount are 4,252 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.
tax withholding obligations financial
"Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations."
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.
FAQ
What did Sonida Senior Living (SNDA) executive Timothy Cober report in this Form 4?
Timothy Cober reported a tax-withholding disposition of Sonida Senior Living common stock. 346 shares were withheld upon restricted stock vesting on May 19, 2026 to cover tax obligations, a routine compensation-related event rather than an open-market trade.
Was this Sonida Senior Living (SNDA) Form 4 an open-market sale by Timothy Cober?
No, this filing reports a tax-withholding disposition, not an open-market sale. Shares were withheld automatically when restricted stock vested, to satisfy tax obligations, a common administrative feature of equity compensation programs.
How are the performance-based RSUs for Sonida Senior Living (SNDA) determined for Timothy Cober?
The performance-based RSUs vest based on the Issuer's achievement of financial goals. After the performance period ending 2027 or 2028, the Compensation Committee certifies results, and between 0% and 150% of the 4,252 and 5,453 RSUs respectively may vest.