Form 4: Sabra Health Care REIT Executive Receives Dividend Equivalent Stock Units

Talya Nevo-Hacohen, Executive VP, CIO & Treasurer of Sabra Health Care REIT, Inc., was credited with 4,718 common stock units as dividend equivalent payments on existing equity awards.

Summary

• Talya Nevo-Hacohen, Executive VP, CIO & Treasurer of Sabra Health Care REIT, Inc. (SBRA), acquired 4,718 common stock units on May 30, 2025.
• These units were credited as dividend equivalent payments on previously granted stock units under the Issuer's 2009 Performance Incentive Plan.
• The acquisition price for these units was $0, indicating they were not purchased but rather awarded as part of a dividend equivalent program.
• Following this transaction, Ms. Nevo-Hacohen directly beneficially owns 331,599 common stock units, which includes 279,569 stock units that will settle into common stock.
• Additionally, she indirectly beneficially owns 529,206 common stock units through The Talya Nevo-Hacohen Trust, bringing her total beneficial ownership to 860,805 units/shares.
• The newly acquired units will vest and become payable under the same terms as the original stock units to which they relate.

Sentiment

Score: 6

Explanation: The document reports a routine, non-cash acquisition of stock units by an executive as part of a compensation plan, indicating continued alignment and no negative surprises. The future date for the transaction (05/30/2025) is explicitly stated and likely refers to the crediting date for dividend equivalents, which is a positive for executive compensation.

Positives

• The acquisition of stock units as dividend equivalents demonstrates continued equity alignment between management and shareholders.
• The transaction is part of a pre-existing incentive plan, indicating a structured approach to executive compensation and retention.

Future Outlook

The acquired stock units are expected to vest and become payable on the same terms as the original stock units to which they relate, aligning future payouts with the company's performance and existing equity incentive structure.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transaction, specifically related to dividend equivalent payments on existing stock units. Such transactions are common across all industries, including the healthcare REIT sector, as part of executive compensation and retention strategies, aiming to align management interests with shareholder returns.

Related Party Transactions

• The transaction involves the crediting of stock units to an executive by the issuer as part of an approved incentive plan, which is a common form of related-party compensation.

Stakeholder Impact

• Shareholders: Indicates continued alignment of executive interests with shareholder value through equity ownership and participation in dividend equivalents.
• Employees: Reinforces the company's commitment to its executive compensation framework.

Next Steps

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

Key Dates

Keywords

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