4//SEC Filing
Andrews Harold W. Jr. 4
Accession 0001510192-20-000022
CIK 0001492298other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 9:09 PM ET
Size
9.7 KB
Accession
0001510192-20-000022
Insider Transaction Report
Form 4
Andrews Harold W. Jr.
Executive VP, CFO & Secretary
Transactions
- Award
Common Stock
2020-02-21+1,658→ 409,316 total - Award
Common Stock
2020-02-21+35,775→ 445,091 total - Tax Payment
Common Stock
2020-02-21$21.99/sh−11,531$253,567→ 433,560 total
Footnotes (4)
- [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 16, 2016, including 374 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 21, 2020 that the number of FFO units earned was 8.0% 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, 2019 and ending December 31, 2019. The vested units will be paid on a one-for-one basis in shares of the Issuer's Common Stock on January 4, 2021, subject to earlier payment in the event of death, disability or change of control.
- [F2]Represents shares of the Issuer's Common Stock issued under the Issuer's 2009 Performance Incentive Plan subject to an annual bonus performance stock unit ("PSU") award granted on April 24, 2019, including 3,019 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 21, 2020 that the number of PSUs earned was 97.2% of the target. Upon this determination, the PSUs vested and were paid out immediately. Each PSU represented a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's achievement of an adjusted normalized funds from operations per share target for a performance period beginning January 1, 2019 and ending December 31, 2019.
- [F3]Represents shares withheld by the Issuer in accordance with Rule 16b-3 to satisfy tax withholding obligations in connection with the vesting of the PSUs, as reported herein.
- [F4]Includes 126,040 stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.
Documents
Issuer
Sabra Health Care REIT, Inc.
CIK 0001492298
Entity typeother
Related Parties
1- filerCIK 0001505081
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 9:09 PM ET
- Size
- 9.7 KB