Form 4: Sabra Health Care REIT Executive Sells Shares to Cover Tax Obligations

An executive at Sabra Health Care REIT sold shares to cover tax obligations related to vested stock units.

Summary

• Michael Lourenco Costa, an Executive VP, CFO & Secretary at Sabra Health Care REIT, sold 15,783 shares of common stock on January 8, 2025, at a price of $17.18 per share.
• The sale was to cover tax withholding obligations related to the payout of previously vested restricted stock units.
• Following the transaction, Costa directly owns 276,973 shares of common stock, which includes 149,931 stock units that will be settled on a one-for-one basis in shares.
• He also indirectly owns 784 shares through his IRA and 207 shares through his spouse's IRA.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the price are specific to this executive and company, but the underlying reason for the sale is typical.
• Other REIT executives may have similar transactions, but the specific details would vary based on their compensation packages and tax situations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.
• The sale does not indicate any change in the executive's confidence in the company.

Key Dates

Keywords

Sabra Health Care REIT, stock sale, executive transaction, Form 4, insider trading, tax obligations, restricted stock units, Michael Lourenco Costa