Form 4: Sabra Health Care REIT Exec Gains Stock Units

Sabra Health Care REIT's Executive VP, CIO & Secretary, Darrin Smith, acquired 478 common stock units through dividend equivalent payments.

Summary

• Darrin Smith, Executive VP, CIO & Secretary of Sabra Health Care REIT, Inc. (SBRA), acquired 478 common stock units.
• The acquisition occurred on February 27, 2026, and represents stock units credited as dividend equivalent payments.
• These units were granted on previously outstanding stock units under the Issuer's 2009 Performance Incentive Plan.
• The units were calculated based on the market value of the Issuer's common stock on the dividend payment date and will vest and become payable on the same terms as the original stock units.
• Following this transaction, Darrin Smith beneficially owns 115,923 shares, which includes 33,186 stock units that will settle on a one-for-one basis in shares of the Issuer's Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine, non-discretionary transaction related to executive compensation and dividend distribution, with no immediate positive or negative implications for the company's operational or financial performance.

Positives

• The acquisition of stock units through dividend equivalents aligns executive interests with shareholder returns, as the executive benefits from the company's dividend policy and stock performance.

Future Outlook

The acquired stock units will vest and become payable on the same terms as the original stock units to which they relate, indicating a future payout contingent on the original vesting schedule.

Industry Context

StockSavvy.ai notes that dividend equivalent payments on executive equity awards are a common practice in the REIT sector and broader corporate landscape. This mechanism ensures that executives holding unvested equity continue to receive the economic benefit of dividends, further aligning their long-term incentives with shareholder value creation.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine compensation-related transaction for an executive.
• Employees: No direct impact mentioned.

Next Steps

• The acquired stock units will vest and become payable according to the terms of the original stock units under the Issuer's 2009 Performance Incentive Plan.

Key Dates

Keywords

Sabra Health Care REIT, SBRA, Form 4, Insider Transaction, Stock Units, Dividend Equivalents, Executive Compensation, REIT