Talya Nevo-Hacohen - Feb 25, 2022 Form 4 Insider Report for Sabra Health Care REIT, Inc. (SBRA)

Role
Executive VP, CIO & Treasurer
Signature
/s/ Michael Costa, as Attorney-in-Fact
Stock symbol
SBRA
Transactions as of
Feb 25, 2022
Transactions value $
-$163,417
Form type
4
Date filed
3/1/2022, 07:24 PM
Previous filing
Jan 6, 2022
Next filing
May 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBRA Common Stock Award $0 +35.2K +6.17% $0.00 605K Feb 25, 2022 Direct F1
transaction SBRA Common Stock Tax liability -$163K -12.2K -2.01% $13.44 593K Feb 25, 2022 Direct F2
transaction SBRA Common Stock Award $0 +2.68K +0.45% $0.00 595K Feb 28, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's Common Stock issued under the Issuer's 2009 Performance Incentive Plan subject to an annual bonus performance stock unit ("PSU") award granted on July 22, 2021, including 3,302 shares with respect to dividend equivalent payments calculated based on the market value of the Issuer's Common Stock on the applicable dividend date. The Compensation Committee determined on February 25, 2022 that the number of PSUs earned was 96.8% of the target. Upon this determination, the PSUs vested and were paid out immediately. Each PSU represented a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's achievement of an adjusted normalized funds from operations per share target for a performance period beginning January 1, 2021 and ending December 31, 2021.
F2 Represents shares withheld by the Issuer in accordance with Rule 16b-3 to satisfy tax withholding obligations in connection with the vesting of the PSUs, as reported herein.
F3 Represents stock units credited to the reporting person in the form of dividend equivalent payments on stock units previously granted to the reporting person that are outstanding under the Issuer's 2009 Performance Incentive Plan, calculated on the basis of the market value of the Issuer's common stock on the dividend payment date. These units will vest and become payable on the same terms as the original stock units to which they relate.
F4 Includes 122,900 stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney