MATROS RICHARD K 4

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.