Michael Lourenco Costa - Jan 31, 2024 Form 4 Insider Report for Sabra Health Care REIT, Inc. (SBRA)

Signature
/s/ Michael Lourenco Costa
Stock symbol
SBRA
Transactions as of
Jan 31, 2024
Transactions value $
$0
Form type
4
Date filed
2/2/2024, 04:25 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 +23.2K +10.51% $0.00 244K Jan 31, 2024 Direct F1, F2
holding SBRA Common Stock 784 Jan 31, 2024 By Reporting Person's IRA
holding SBRA Common Stock 207 Jan 31, 2024 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, 2020, including 5,260 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 Includes 142,924 stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.