Form 4: CareTrust REIT CIO James Callister Receives Restricted Stock Grant

CareTrust REIT's Chief Information Officer and Secretary, James Callister, was granted 28,308 restricted shares of common stock.

Summary

• James Callister, the Chief Information Officer and Secretary of CareTrust REIT, received a grant of 28,308 restricted shares of common stock on December 18, 2024.
• These shares were granted at a price of $0.
• The shares vest in three equal annual installments, starting on January 31, 2026.
• Following this transaction, Mr. Callister directly owns 95,385 shares of CareTrust REIT common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There is no indication of any negative sentiment.

Positives

• The grant of restricted stock aligns the interests of the CIO with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the executive.

Industry Context

This type of stock grant is a common practice in the real estate investment trust (REIT) industry to incentivize and retain key executives.

Comparison to Industry Standards

• Stock grants are a standard form of compensation for executives in publicly traded companies, including REITs.
• The vesting schedule of three years is also typical, aligning with long-term performance goals.
• Other REITs such as Welltower (WELL) and Ventas (VTR) also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• The stock grant aligns the interests of the CIO with the long-term performance of the company, which is beneficial for shareholders.
• The vesting schedule encourages continued service and contribution from the executive, which is beneficial for the company and its stakeholders.

Key Dates

Keywords

CareTrust REIT, restricted stock, stock grant, insider trading, executive compensation, James Callister, CTRE