Form 4: Sabra Health Care CFO Acquires 4,005 Stock Units

Sabra Health Care REIT's Executive VP, CFO & Treasurer, Michael Lourenco Costa, acquired 4,005 common stock units through dividend equivalent payments.

Summary

• Michael Lourenco Costa, Executive VP, CFO & Treasurer of Sabra Health Care REIT, Inc. (SBRA), acquired 4,005 common stock units.
• The acquisition occurred on February 27, 2026, and was a result of dividend equivalent payments on previously granted stock units.
• These units were credited under the Issuer's 2009 Performance Incentive Plan and will vest and become payable on the same terms as the original stock units.
• Following this transaction, Mr. Costa beneficially owns 461,521 direct common stock units, 784 indirect common stock units via his IRA, and 207 indirect common stock units via his spouse's IRA.
• The total beneficial ownership includes 278,415 stock units that will settle on a one-for-one basis in shares of the Issuer's Common Stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as it indicates an increase in executive beneficial ownership, albeit through a non-discretionary dividend reinvestment mechanism.

Positives

• Increased beneficial ownership by a key executive, Michael Lourenco Costa, through the acquisition of 4,005 common stock units.
• The acquisition stems from dividend equivalent payments, indicating ongoing returns on existing executive compensation plans and aligning executive interests with shareholders.

Future Outlook

NA

Management Comments

• Stock units were credited to the reporting person in the form of dividend equivalent payments on previously granted stock units under the Issuer's 2009 Performance Incentive Plan.
• These units will vest and become payable on the same terms as the original stock units to which they relate.

Industry Context

StockSavvy.ai notes that insider acquisitions, even through dividend reinvestment, can signal management's confidence in the company's long-term prospects, particularly in the healthcare REIT sector which is sensitive to interest rates and demographic shifts. While not a discretionary purchase, it still increases executive alignment.

Related Party Transactions

• Acquisition of 4,005 common stock units by Executive VP, CFO & Treasurer Michael Lourenco Costa from Sabra Health Care REIT, Inc. as dividend equivalent payments on previously granted stock units.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholders due to higher beneficial ownership.

Next Steps

• The acquired stock units will vest and become payable on the same terms as the original stock units to which they relate.

Key Dates

Recommendation

The acquisition of stock units by a key executive, while positive for aligning interests, is a non-discretionary event stemming from dividend equivalent payments on existing awards. It does not represent a new, discretionary investment decision that would typically warrant a change in investment recommendation, thus maintaining a 'hold' stance is appropriate.

Keywords

Sabra Health Care REIT, SBRA, Michael Lourenco Costa, insider transaction, Form 4, stock acquisition, dividend equivalent, executive compensation