Form 4: Sabra Health Care REIT Executive VP, CFO & Secretary Michael Lourenco Costa Reports Changes in Beneficial Ownership

Michael Lourenco Costa, Executive VP, CFO & Secretary of Sabra Health Care REIT, Inc., reports changes in beneficial ownership of company stock due to dividend equivalent payments and holdings in IRA accounts.

Summary

• On February 29, 2024, Michael Lourenco Costa, Executive VP, CFO & Secretary of Sabra Health Care REIT, Inc., reported changes in his beneficial ownership of the company's common stock.
• He acquired 3,089 shares of common stock through dividend equivalent payments on previously granted stock units under the company's 2009 Performance Incentive Plan.
• These stock units were credited based on the market value of Sabra Health Care REIT's common stock on the dividend payment date and will vest under the same terms as the original stock units.
• Costa directly owns 247,222 shares of common stock, which includes 146,013 stock units that will be paid on a one-for-one basis in shares of the Issuer's Common Stock upon settlement.
• He also indirectly owns 784 shares through his IRA and 207 shares through his spouse's IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments for the company.

Positives

• The acquisition of shares through dividend equivalent payments indicates the company's commitment to rewarding executives through its Performance Incentive Plan.
• The executive's continued holding of a significant number of shares and stock units demonstrates confidence in the company's future performance.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at Sabra Health Care REIT, a company focused on healthcare-related real estate.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key executive.
• It assures stakeholders that executives are incentivized through stock ownership.

Key Dates