FOSTER MICHAEL J 4
4 · Sabra Health Care REIT, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Sabra (SBRA) Director Michael J. Foster Receives 781-Share Award
What Happened
Michael J. Foster, a director of Sabra Health Care REIT, was credited with 781 stock units on February 27, 2026. The units were granted as dividend-equivalent payments on previously awarded stock units under Sabra’s 2009 Performance Incentive Plan. The reported acquisition price is $0 (no cash paid at grant); the units will vest and be paid on the same terms as the underlying original stock units.
Key Details
- Transaction date: 2026-02-27. Filing date: 2026-03-03 (filed within the Form 4 two-business-day window).
- Transaction type: Award/Grant (code A). 781 stock units acquired at $0.
- Shares/units held after transaction: 54,980 stock units total (2,854 unvested; 51,345 vested but payment deferred), assuming the reported footnote balances. Each stock unit represents the right to one share of common stock.
- Footnote F1: These 781 units are dividend-equivalent payments tied to previously granted stock units and will vest/pay on the same schedule as those original units.
- Footnote F2: Breaks down existing holdings — 2,854 unvested units and 51,345 vested units with deferred payment.
Context
This was a non-cash award (dividend equivalents on stock units), not an open-market purchase or sale. Such grants are typically part of director compensation and do not, by themselves, indicate the director is buying or selling shares in the market.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-27+781→ 74,719 total
- 42,411.745(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]Represents stock units credited to the reporting person in the form of dividend equivalent payments on stock units previously granted to the reporting person that are outstanding under the Issuer's 2009 Performance Incentive Plan, calculated on the basis of the market value of the Issuer's common stock on the dividend payment date. These units will vest and become payable on the same terms as the original stock units to which they relate.
- [F2]Includes 2,854 unvested stock units and 51,345 stock units that have vested but the payment of which has been deferred. Each stock unit represents the right to receive one share of the Issuer's Common Stock.