White Chad C. 4

What Happened Chad C. White, Executive Vice President, General Counsel & Secretary of Brookdale Senior Living (BKD), received two grants of restricted stock units (RSUs) on February 12, 2026: 22,072 RSUs and 93,939 RSUs (total 116,011 RSUs). The units were awarded at $0.00 (no cash paid at grant) and are reported on a Form 4 filed Feb 17, 2026. These awards are compensation grants (transaction code A), not open‑market purchases or sales.

Key Details

• Transaction date: February 12, 2026; Form 4 filed February 17, 2026.
• Grants: 22,072 RSUs and 93,939 RSUs (total 116,011); grant price reported $0.00.
• Vesting (time‑based): Per footnote F1, the time‑based RSUs vest ratably over three annual installments beginning February 27, 2027, subject to continued employment; each RSU converts to one share upon vesting.
• Performance awards: Footnote F1 notes a separate performance‑based RSU grant (33,109 shares at target) from Feb 12, 2026 not reported on this Form 4; footnote F2 describes determination of achievement levels for prior performance RSUs that may vest on Feb 27, 2026/2027/2028.
• Shares owned after this transaction: not specified in the filing.
• Filing timeliness: The Form 4 was filed five days after the grant (Feb 17); Form 4s are generally due within two business days, so this filing appears to have been submitted after the typical reporting window.

Context

• Awards (A) are compensation grants intended to align executive pay with company performance/retention; they are not direct purchases (bullish signal) or sales (liquidity event).
• Performance‑based RSUs have payouts tied to future metrics; the actual number of shares paid can differ from the target and will be reported after performance periods conclude.