H. Todd Kaestner - Feb 10, 2022 Form 4 Insider Report for Brookdale Senior Living Inc. (BKD)

Signature
/c/ Chad C. White, By Power of Attorney
Stock symbol
BKD
Transactions as of
Feb 10, 2022
Transactions value $
$0
Form type
4
Date filed
2/14/2022, 06:40 PM
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKD Common Stock Disposed to Issuer $0 -5.57K -2.63% $0.00 206K Feb 10, 2022 Direct F1
transaction BKD Common Stock Award $0 +40.9K +19.83% $0.00 247K Feb 10, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the forfeiture of a portion of the restricted shares granted to the reporting person in 2019 due to the failure to achieve performance goals established by the Compensation Committee.
F2 Grant of time-based restricted stock units under the Brookdale Senior Living Inc. Amended and Restated 2014 Omnibus Incentive Plan. Such restricted stock units are eligible to vest ratably in four annual installments beginning February 27, 2023, subject to continued employment. Each restricted stock unit is generally payable in the form of one share of the issuer's common stock upon vesting. This Form 4 does not report the grant of performance-based restricted stock units to the reporting person on February 10, 2022, which will be eligible to vest and be paid with respect to 40,910 shares of the issuer's common stock at target performance levels. The actual number of shares of the issuer's common stock, if any, that become payable under such performance-based restricted stock units will be reported following conclusion of the applicable performance periods.