Patchett Mary Sue 4

What Happened

• Mary Sue Patchett, Chief Operating Officer of Brookdale Senior Living (BKD), was granted 21,286 time‑based restricted stock units (RSUs) on Feb 12, 2026. The award is reported at an acquisition price of $0 (standard for equity grants); reported cash value at grant is $0.
• The RSUs generally convert to one share of common stock per unit upon vesting. The grant is separate from performance‑based RSUs (31,930 at target) referenced in the filing that are not reported in this Form 4 and will be reported after the applicable performance periods conclude.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17.
• Grant type: Time‑based restricted stock units under the 2024 Omnibus Incentive Plan; acquisition price reported $0.
• Vesting: Eligible to vest ratably in three annual installments beginning Feb 27, 2027, subject to continued employment.
• Additional awards: Filing notes performance‑based RSUs covering 31,930 shares at target were also granted on Feb 12, 2026 but are not reported in this Form 4; actual payout will depend on performance and be reported later.
• Shares owned after transaction: Not disclosed in the provided summary of the filing.
• Filing timeliness: Form shows filing date Feb 17 for the Feb 12 grant (filed five days after the transaction).

Context

• This is a compensation award (grant), not an open‑market purchase or sale — it reflects executive pay, not an immediate bullish or bearish trading signal.
• Time‑based RSUs typically create a taxable event when they vest and convert to shares; performance RSUs depend on future company performance metrics.