MATROS RICHARD K 4
4 · Sabra Health Care REIT, Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Sabra CEO Richard Matros Receives 85,160-Share Award
What Happened
Richard K. Matros, Chair, President and CEO of Sabra Health Care REIT (SBRA), had 85,160 stock units vest on Feb 10, 2026. The units were awarded under a funds-from-operations (FFO) based performance plan and were reported as an acquisition (award) at $0.00 per share (total reported value $0). The Compensation Committee determined the award payout at 90.8% of target.
Key Details
- Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12).
- Transaction type/code: Award/vesting of stock units (Code A).
- Shares/units vested: 85,160 units (includes 17,903 shares attributable to dividend equivalents).
- Price: $0.00 per share (award/vesting, not an open-market trade). Reported value $0.
- Settlement: Each vested unit converts one-for-one into a share of common stock; payment scheduled for January 4, 2027 (earlier upon death, disability, or change of control).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 describes FFO-based performance award (target achieved at 90.8% and immediate vesting); F2 notes units will be paid one-for-one in shares upon settlement.
- Timeliness: Filing appears timely (transaction 2/10/2026; Form 4 filed 2/12/2026).
Context
This was a performance-based compensation vesting (not a market purchase or sale). Such awards reflect company compensation outcomes tied to FFO performance for the Jan 1–Dec 31, 2025 period; they do not by themselves signal an insider buying or selling shares on the open market.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-10+85,160→ 915,040 total
- 1,857,686(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents the vesting of stock units granted under the Issuer's 2009 Performance Incentive Plan subject to a funds from operations-based stock unit ("FFO units") award granted on December 27, 2022, including 17,903 shares with respect to dividend equivalent payments calculated based on the market value of the Issuer's Common Stock on the applicable dividend date. The Compensation Committee determined on February 10, 2026 that the number of FFO units earned was 90.8% of the target. Upon this determination, the FFO units vested immediately. Each FFO unit represented a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's achievement of a funds from operations target for a performance period beginning January 1, 2025 and ending December 31, 2025. The vested units will be paid on a one-for-one basis in shares of the Issuer's Common Stock on January 4, 2027, subject to earlier payment in the event of death, disability or change of control.
- [F2]Consists of stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.