Form 4: Sonida Senior Living SVP Michael Fryar Reports Stock Transactions
SEC Form 4
Michael Fryar, SVP Chief Revenue Officer of Sonida Senior Living, reported the acquisition and disposal of common stock, including restricted stock grants and sales to cover tax obligations.
Summary
- On April 5, 2024, Michael Fryar received 11,454 shares of restricted stock and 11,453 shares of performance-based restricted stock under the 2019 Omnibus Stock and Incentive Plan.
- The restricted stock vests in three installments on April 5, 2025, April 5, 2026, and April 5, 2027.
- 751 shares were withheld on April 5, 2024, to cover tax obligations related to the vesting of restricted stock at a price of $29.41.
- Fryar sold 7,898 shares on April 8, 2024, at a weighted average price of $28.29, with prices ranging from $28.00 to $28.74.
- An additional 1,296 shares were sold on April 9, 2024, at a weighted average price of $27.76, with prices ranging from $27.60 to $28.14.
- Following these transactions, Fryar beneficially owns 87,513 shares of Sonida Senior Living common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. There is no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's typical for executives to receive stock-based compensation and periodically sell shares for diversification or tax purposes.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Grant of restricted stock and performance-based restricted stock. |
| 04/05/2024 | Shares withheld for tax obligations. |
| 04/08/2024 | Sale of 7,898 shares. |
| 04/09/2024 | Sale of 1,296 shares. |
| 04/09/2024 | Date of report. |
| 04/05/2025 | First vesting date for restricted stock (33%). |
| 04/05/2026 | Second vesting date for restricted stock (33%). |
| 04/05/2027 | Final vesting date for restricted stock (34%). |
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