Form 4: Brookdale Senior Living EVP Dawn L. Kussow Reports Share Withholding for Tax Obligations

Dawn L. Kussow, EVP & Chief Financial Officer of Brookdale Senior Living Inc., reports share withholding to cover tax obligations upon vesting of restricted stock units.

Summary

• On February 27, 2024, Dawn L. Kussow, EVP & Chief Financial Officer of Brookdale Senior Living Inc., had 21,600 shares of common stock withheld to satisfy tax obligations.
• The shares were withheld at a price of $5.91 per share.
• Following the transaction, Kussow directly owns 284,054 shares of Brookdale Senior Living Inc.

Sentiment

Score: 7

Explanation: The document reflects a neutral event (share withholding for tax purposes) and doesn't indicate any positive or negative sentiment towards the company's performance or future prospects. It's a routine transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of share withholding to cover tax obligations upon the vesting of restricted stock units, a common form of executive compensation.

Comparison to Industry Standards

• Share withholding for tax obligations is a standard practice across publicly traded companies, including Brookdale's competitors in the senior living industry such as Ventas, Welltower, and Healthpeak Properties.
• Executive compensation packages often include restricted stock units, and the subsequent tax implications are typically handled through share withholding or other mechanisms.
• The specific number of shares withheld and the price per share are dependent on the individual's tax situation and the company's stock price at the time of vesting.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• It reflects a standard process of executive compensation and tax management.

Key Dates