Sonida (NYSE: SNDA) grants SVP 55,000 performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonida Senior Living’s SVP & Chief Legal Officer Tabitha Bailey received a grant of 55,000 performance units on Common Stock. These PSUs can convert into one share each but are conditional on stockholders approving an increase to the 2019 Plan share reserve and the closing of the company’s merger with CNL Healthcare Properties.
Between 33% and 100% of the target PSUs may vest over a period from February 23, 2027 to February 23, 2030 based on specified stock price performance, with a potential 30-day extension. Separately, on December 9, 2025, 402 shares of Common Stock were withheld at $30.43 per share to satisfy tax obligations, leaving Bailey with 14,913 shares directly owned. An additional 5,315 PSUs can vest from 0% to 150% after the end of 2027 based on financial goals and Compensation Committee certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bailey Tabitha
Role
SVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units | 55,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 402 | $30.43 | $12K |
Holdings After Transaction:
Performance Units — 55,000 shares (Direct);
Common Stock — 14,913 shares (Direct)
Footnotes (1)
- Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations. Not included in this amount are 5,315 performance stock units ("PSUs"), which are eligible to vest from 0% to 150% following the end of 2027. Vesting for the award is subject to the Issuer's (as defined below) achievement of certain financial goals and certification by the Compensation Committee. Represents an award of 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
New performance units granted: 55,000 units
Tax withholding shares: 402 shares at $30.43/share
Common Stock held after withholding: 14,913 shares
+3 more
6 metrics
New performance units granted
55,000 units
Award of PSUs on 2026-02-23, each tied to one share of Common Stock
Tax withholding shares
402 shares at $30.43/share
Shares withheld on 2025-12-09 to satisfy tax obligations
Common Stock held after withholding
14,913 shares
Direct ownership following 402-share tax withholding on 2025-12-09
Existing performance stock units
5,315 PSUs
Eligible to vest from 0% to 150% following the end of 2027 based on financial goals
PSU performance period
February 23, 2027 to February 23, 2030
Vesting window for the 55,000 PSUs, subject to potential 30-day extension
Vesting range of new PSUs
33% to 100% of target
Portion of 55,000 PSUs eligible to vest based on share price performance
Key Terms
Performance Units, performance stock units, tax withholding obligations, 2019 Omnibus Stock and Incentive Plan, +1 more
5 terms
Performance Units financial
"security_title: "Performance Units""
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
performance stock units financial
"Not included in this amount are 5,315 performance stock units ("PSUs")"
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.
tax withholding obligations financial
"shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations"
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
"during a three-year period beginning on February 23, 2027 and ending on February 23, 2030 (the "Performance Period")"
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.
