Form 4: CareTrust REIT CFO William M. Wagner Receives Stock Grant

CareTrust REIT's CFO and Treasurer, William M. Wagner, was granted 28,308 shares of restricted common stock.

Summary

• William M. Wagner, the CFO and Treasurer of CareTrust REIT, received a grant of 28,308 shares of restricted common stock on December 18, 2024.
• The shares were granted at a price of $0.
• These shares will vest in three equal annual installments, starting on January 31, 2026.
• Following this transaction, Mr. Wagner beneficially owns 285,747 shares of CareTrust REIT common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally positive for aligning management interests with shareholders. There are no negative implications.

Positives

• The stock grant aligns the CFO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CFO.

Industry Context

Stock grants are a common form of compensation for executives in publicly traded companies, particularly REITs, to align their interests with shareholders and incentivize long-term performance.

Comparison to Industry Standards

• Stock grants are a standard practice in the REIT industry for executive compensation.
• The vesting schedule of three years is also typical for such grants, aligning with long-term value creation.
• Other REITs such as Ventas (VTR) and Welltower (WELL) also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• The stock grant aligns the CFO's interests with shareholders, potentially leading to better long-term performance.
• The vesting schedule encourages the CFO's continued service, which benefits the company and its stakeholders.

Key Dates

Keywords

CareTrust REIT, William M. Wagner, stock grant, restricted stock, CFO, beneficial ownership, equity compensation