Richard K. Matros - Jan 31, 2024 Form 4 Insider Report for Sabra Health Care REIT, Inc. (SBRA)

Role: Chair, CEO and President, Director
Signature: /s/ Michael Costa, as Attorney-in-Fact
Stock symbol: SBRA
Transactions as of: Jan 31, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/2/2024, 04:24 PM
Previous filing: Jan 9, 2024
Next filing: Mar 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBRA	Common Stock	Award	$0	+162K	+32.5%	$0.00	662K	Jan 31, 2024	Direct	F1, F2
holding	SBRA	Common Stock						1.47M	Jan 31, 2024	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 24, 2020, including 36,823 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 31, 2024 that the number of TSR units earned was 148.84% 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, 2025, 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.

Content

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, 2020, including 36,823 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 31, 2024 that the number of TSR units earned was 148.84% 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, 2025, subject to earlier payment in the event of death, disability or change of control.

Consists of stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.