Form 4: Sabra Health Care REIT Director Catherine Cusack Reports Stock Unit Acquisition and Ownership

Director Catherine Cusack reported the acquisition of 708 common stock units due to dividend equivalent payments and an updated beneficial ownership of 47,093 shares in Sabra Health Care REIT, Inc.

Summary

• On May 31, 2024, Catherine Cusack, a director of Sabra Health Care REIT, Inc., acquired 708 shares of common stock.
• These shares were obtained through dividend equivalent payments on previously granted stock units under the company's 2009 Performance Incentive Plan.
• The price per share was $0.
• Following this transaction, Cusack's total beneficial ownership is 47,093 shares, which includes 1,035 unvested stock units and 34,058 vested stock units with deferred payment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with shareholders.

Positives

• The acquisition of stock units through dividend equivalent payments reflects the company's commitment to its incentive plan.
• The director's continued stock ownership aligns her interests with those of the shareholders.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director stock ownership.
• It reinforces the alignment of director and shareholder interests through equity-based compensation.

Key Dates