Form 4: Brookdale Senior Living EVP & Treasurer George T. Hicks Reports Changes in Beneficial Ownership

George T. Hicks, EVP & Treasurer of Brookdale Senior Living Inc., reports the acquisition of common stock through restricted stock units.

Summary

• On February 12, 2025, George T. Hicks, EVP & Treasurer of Brookdale Senior Living Inc., filed a Form 4 with the SEC.
• The filing reports the grant of 30,426 time-based restricted stock units and the vesting of 15,422 performance-based restricted stock units.
• The time-based restricted stock units vest ratably in three annual installments beginning February 27, 2026, subject to continued employment.
• The performance-based restricted stock units were awarded on February 10, 2022, for the performance period ended December 31, 2024, and are eligible to vest on February 27, 2025, and February 27, 2026, respectively, subject to continued employment.
• Following these transactions, Hicks beneficially owns 397,731 shares of Brookdale Senior Living Inc. common stock.
• A Power of Attorney was filed, authorizing Chad C. White and Rebecca C. Taylor to act on behalf of George T. Hicks in matters related to SEC filings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and alignment of interests, but doesn't contain information that would drastically alter investor perception.

Positives

• The grant of restricted stock units aligns the executive's interests with the company's long-term performance.
• The vesting of performance-based restricted stock units suggests that performance targets were met for the period ending December 31, 2024.

Future Outlook

The time-based restricted stock units will continue to vest over the next three years, subject to continued employment.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing indicates ongoing executive compensation practices at Brookdale Senior Living.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are common practice among publicly traded companies, including Brookdale Senior Living's competitors such as Ventas, Welltower, and Healthpeak Properties.
• The vesting schedules and performance metrics associated with these units are typically designed to align executive incentives with shareholder value creation, similar to practices observed at Sunrise Senior Living and Atria Senior Living.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units as a positive sign, aligning management's interests with the company's performance.
• Employees may be motivated by the potential for similar compensation opportunities.

Next Steps

• The reporting person will continue to file Form 4s for any future transactions in Brookdale Senior Living Inc. stock.
• The company will continue to administer the 2024 Omnibus Incentive Plan.

Key Dates