Form 4: Sonida Senior Living Executive Timothy Cober Reports Changes in Beneficial Ownership

Timothy Cober, VP & Chief Accounting Officer of Sonida Senior Living, reports the forfeiture of performance-based restricted stock and shares withheld for tax obligations.

Summary

• On March 12, 2025, Timothy Cober forfeited 3,512 shares of common stock due to the company not achieving its performance targets for fiscal year 2024.
• These shares were previously reported as beneficially owned as of July 22, 2022.
• On April 5, 2025, 570 shares were withheld to cover tax obligations upon the vesting of restricted stock at a price of $21.74.
• Following these transactions, Cober directly owns 36,709 shares of Sonida Senior Living stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While the forfeiture of shares due to unmet performance targets is a negative signal, the tax withholding is a routine event.

Negatives

• Timothy Cober forfeited 3,512 shares due to the company not meeting performance targets.

Risks

• The forfeiture of shares due to unmet performance targets could indicate underlying challenges in the company's operations or strategic goals.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• Shareholders may be concerned about the company's ability to meet performance targets, as indicated by the forfeiture of shares.
• The tax withholding impacts the executive's net share ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Sonida Senior Living, SNDA, Timothy Cober, Restricted Stock, Forfeiture, Tax Withholding