Sonida (SNDA) CFO details share forfeiture, tax withholding and 185,000 PSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonida Senior Living EVP & CFO Kevin Detz reported multiple equity changes. On March 9, 2026, he disposed of 9,134 shares of common stock back to the issuer, reflecting forfeiture of previously reported performance-based restricted stock after only partial achievement of fiscal 2025 performance targets. On the same date, 2,917 shares were withheld at $36.64 per share to cover tax obligations at vesting.
Following these events, Detz held 180,113 common shares directly, plus small indirect holdings of 85 shares each held by his son and daughter. On February 23, 2026, he also received a contingent award of 185,000 performance stock units tied to future stock price performance, shareholder approval of an increased share reserve, and closing of the company’s merger with CNL Healthcare Properties, with potential vesting between February 23, 2027 and February 23, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Detz Kevin
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 9,134 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,917 | $36.64 | $107K |
| Grant/Award | Performance Units | 185,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 183,030 shares (Direct);
Performance Units — 185,000 shares (Direct);
Common Stock — 85 shares (Indirect, By Son)
Footnotes (1)
- Represents shares of performance-based restricted stock that were previously reported as beneficially owned by the reporting person as of April 4, 2023, but were subsequently forfeited due to the Company only partially achieving the performance target with respect to such shares for fiscal 2025. Not included in this amount are 14,881 performance stock units ("PSUs") that 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 shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations. 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
Disposition to issuer: 9,134 shares
Tax withholding shares: 2,917 shares at $36.64
Direct common shares held: 180,113 shares
+4 more
7 metrics
Disposition to issuer
9,134 shares
Forfeited performance-based restricted stock for fiscal 2025
Tax withholding shares
2,917 shares at $36.64
Shares withheld upon restricted stock vesting for taxes
Direct common shares held
180,113 shares
Direct ownership after March 9, 2026 transactions
Indirect family holdings
85 shares by son; 85 shares by daughter
Indirect ownership reported as of February 23, 2026
New PSU award
185,000 PSUs
Contingent right to common stock granted February 23, 2026
Existing PSU award
14,881 PSUs
Eligible to vest 0%-150% after end of 2027
PSU performance period
February 23, 2027–February 23, 2030
Stock price-based vesting window for new PSU grant
Key Terms
performance-based restricted stock, performance stock units ("PSUs"), tax withholding obligations, Compensation Committee, +1 more
5 terms
performance-based restricted stock financial
"Represents shares of performance-based restricted stock that were previously reported as beneficially owned"
Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.
performance stock units ("PSUs") financial
"Not included in this amount are 14,881 performance stock units ("PSUs") that are eligible to vest"
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.
Performance Period financial
"are eligible to vest 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.
FAQ
What new performance stock units did the Sonida (SNDA) CFO receive?
Kevin Detz received 185,000 performance stock units, each representing a contingent right to one Sonida common share. Vesting depends on shareholder approval of a plan amendment, closing of the CNL merger, and stock price performance between February 23, 2027 and February 23, 2030.
What additional PSUs are outstanding for Sonida (SNDA) CFO Kevin Detz?
Aside from the new grant, 14,881 performance stock units remain outstanding and are eligible to vest from 0% to 150% after the end of 2027. Vesting depends on Sonida achieving specified financial goals and certification by the company’s Compensation Committee.