Form 4: Brookdale Senior Living EVP Chad C. White Reports Stock Grants and Performance-Based Unit Vesting

Chad C. White, EVP, General Counsel & Secretary of Brookdale Senior Living Inc., reports the grant of time-based restricted stock units and the vesting of performance-based restricted stock units.

Summary

• On February 12, 2025, Chad C. White, EVP, General Counsel & Secretary of Brookdale Senior Living Inc., reported changes in beneficial ownership to the SEC.
• White was granted 72,516 time-based restricted stock units under the 2024 Omnibus Incentive Plan, which vest ratably in three annual installments starting February 27, 2026, contingent upon continued employment.
• Each restricted stock unit is payable in one share of Brookdale's common stock upon vesting.
• The Compensation Committee determined the achievement level of two tranches of performance-based restricted stock units awarded on February 10, 2022, for the performance period ending December 31, 2024, resulting in 33,417 shares.
• These performance-based restricted stock units are eligible to vest on February 27, 2025, and February 27, 2026, subject to continued employment.
• Following these transactions, White beneficially owns 576,350 shares of Brookdale Senior Living Inc. common stock.
• White has granted Rebecca C. Taylor power of attorney to handle SEC filings related to Brookdale Senior Living Inc.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices. The vesting of performance-based units suggests some level of achievement of company goals. Overall, the sentiment is neutral to slightly positive.

Positives

• The vesting of performance-based restricted stock units suggests that performance targets were met to some extent.

Future Outlook

The time-based restricted stock units will vest in three annual installments beginning February 27, 2026, subject to continued employment.

Industry Context

Executive compensation in the senior living industry often includes stock-based incentives to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock grants and performance-based compensation are common practices among publicly traded companies, including competitors like Ventas, Welltower, and Healthpeak Properties.
• The vesting schedules and performance metrics are typically designed to incentivize long-term value creation and retention of key executives.

Stakeholder Impact

• The vesting of restricted stock units aligns management's interests with those of shareholders.
• Executive compensation practices can influence employee morale and retention.

Next Steps

• The time-based restricted stock units will vest in three annual installments beginning February 27, 2026, subject to continued employment.
• The actual number of shares payable under the performance-based restricted stock units will be reported following the conclusion of the applicable performance periods.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, Brookdale Senior Living, Chad C. White, SEC filing, vesting