Richard K. Matros - 15 Jan 2025 Form 4 Insider Report for Sabra Health Care REIT, Inc. (SBRA)

Signature
/s/ Michael Costa, as Attorney-in-Fact
Issuer symbol
SBRA
Transactions as of
15 Jan 2025
Net transactions value
$0
Form type
4
Filing time
17 Jan 2025, 15:55:45 UTC
Previous filing
10 Jan 2025
Next filing
04 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBRA Common Stock Award $0 +285,144 +54% $0.000000 812,564 15 Jan 2025 Direct F1, F2
holding SBRA Common Stock 1,624,750 15 Jan 2025 By R&A Matros Revocable Trust
* 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 28, 2021, including 64,470 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 15, 2025 that the number of TSR units earned was 200% 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 immediately. The vested units will be paid on a one-for-one basis in shares of the Issuer's Common Stock on or about January 2, 2026, subject to earlier payment in the event of death, disability or change of control.
F2 Consists of stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.