Form 4: Sabra Health Care REIT CEO Richard Matros Acquires 104,716 Stock Units

Richard Matros, CEO of Sabra Health Care REIT, was granted 104,716 stock units under the company's 2009 Performance Incentive Plan.

Summary

• Richard Matros, the CEO of Sabra Health Care REIT, received 104,716 stock units as part of the company's 2009 Performance Incentive Plan.
• These stock units will vest in four equal installments of 25% each on December 31st of 2025, 2026, 2027, and 2028.
• The vested units will be converted to shares of common stock on a one-for-one basis in the 2029 calendar year, with earlier payment possible under certain circumstances.
• Matros also holds 1,472,841 shares indirectly through the R&A Matros Revocable Trust.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management's interests with shareholders. There are no negative implications.

Positives

• The grant of stock units aligns the CEO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and performance by the CEO.

Future Outlook

The stock units will vest over the next four years and be paid out in shares in 2029, subject to certain conditions.

Industry Context

This type of stock-based compensation is common for executives in publicly traded companies, particularly REITs, to align their interests with shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice for executive compensation in the REIT industry.
• Many REITs use similar vesting schedules to incentivize long-term performance.
• Companies like Welltower (WELL) and Ventas (VTR) also utilize stock-based compensation as part of their executive pay packages.

Stakeholder Impact

• The stock unit grant aligns the CEO's interests with shareholders, potentially leading to better long-term performance.
• The vesting schedule may encourage the CEO to remain with the company.

Key Dates

Keywords

stock units, performance incentive plan, executive compensation, Sabra Health Care REIT, Richard Matros, equity, vesting