Michael Lourenco Costa - Jan 28, 2023 Form 4 Insider Report for Sabra Health Care REIT, Inc. (SBRA)

Signature
/s/ Michael Lourenco Costa
Stock symbol
SBRA
Transactions as of
Jan 28, 2023
Transactions value $
-$20,621
Form type
4
Date filed
1/31/2023, 06:25 PM
Previous filing
Jan 6, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBRA Common Stock Award $0 +4.44K +2.73% $0.00 167K Jan 28, 2023 Direct F1
transaction SBRA Common Stock Tax liability -$20.6K -1.53K -0.92% $13.46 166K Jan 28, 2023 Direct F2, F3
holding SBRA Common Stock 784 Jan 28, 2023 By Reporting Person's IRA
holding SBRA Common Stock 208 Jan 28, 2023 By Reporting Person's Spouse's IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of stock units granted under the Issuer's 2009 Performance Incentive Plan subject to a relative total stockholder return-based stock unit ("TSR units") award granted on December 24, 2019, including 963 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 January 28, 2023 that the number of TSR units earned was 71.61% of the target, based on the percentile ranking of the Issuer's total stockholder return among the total stockholder returns for the stocks comprising a group of pre-selected peer companies over the three-year performance period. Upon this determination, the TSR units vested and were settled immediately.
F2 Represents shares withheld by the Issuer in accordance with Rule 16b-3 to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units previously granted to the reporting person.
F3 Includes 77,028 stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.