Sonida (NYSE: SNDA) SVP reports 432 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SONIDA SENIOR LIVING, INC. executive Tabitha Bailey, SVP & Chief Legal Officer, reported a tax-related share withholding. Upon vesting of restricted stock, 432 shares of common stock were withheld to satisfy tax obligations, leaving her with 19,328 shares held directly. This reflects compensation-related tax withholding rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bailey Tabitha
Role
SVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 432 | $36.94 | $16K |
Holdings After Transaction:
Common Stock — 19,328 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) 5,315 performance-based RSUs which are eligible to vest from 0% to 150% following the end of 2027 and (ii) 7,271 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: 432 shares
Withholding share value: $36.94 per share
Shares held after transaction: 19,328 shares
+2 more
5 metrics
Shares withheld for taxes
432 shares
Withheld upon restricted stock vesting
Withholding share value
$36.94 per share
Value used for tax-withholding disposition
Shares held after transaction
19,328 shares
Direct ownership after tax withholding
Performance-based RSUs 2027 award
5,315 RSUs
Eligible to vest 0%-150% after 2027
Performance-based RSUs 2028 award
7,271 RSUs
Eligible to vest 0%-150% after 2028
Key Terms
restricted stock, tax withholding obligations, performance-based RSUs, 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.
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 (i) 5,315 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.
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 (SNDA) executive Tabitha Bailey report in this Form 4?
Tabitha Bailey reported that 432 shares of Sonida common stock were withheld to cover taxes upon vesting of restricted stock. This is a compensation-related tax event, not an open-market purchase or sale of shares.
Was this Sonida (SNDA) Form 4 an open-market sale by Tabitha Bailey?
No, the Form 4 reflects a tax-withholding disposition, not an open-market sale. Shares were withheld automatically upon vesting of restricted stock to satisfy tax obligations, a common administrative feature of equity compensation programs.
What performance-based RSUs does Tabitha Bailey still have at Sonida (SNDA)?
Footnotes indicate she holds 5,315 performance-based RSUs eligible to vest from 0% to 150% after 2027 and 7,271 similar RSUs after 2028, subject to Sonida achieving specified financial goals and Compensation Committee certification.
How is the 36.94 price used in this Sonida (SNDA) Form 4?
The $36.94 per share figure reflects the value used for the 432 Sonida shares withheld to cover taxes on restricted stock vesting. It helps determine the tax amount satisfied through share withholding instead of a cash payment.