Ribar Brandon 4
Research Summary
AI-generated summary
Sonida Senior Living (SNDA) CEO Brandon Ribar Sells 3,067 Shares
What Happened
- Brandon Ribar, President & CEO and a director of Sonida Senior Living (SNDA), had 3,067 shares withheld upon vesting to satisfy tax withholding obligations. The shares were disposed at $36.94 per share for a total value of $113,295. This was a tax-withholding disposal (routine), not an open-market sale.
Key Details
- Transaction date: 2026-05-19; filing date: 2026-05-21 (timely)
- Shares withheld/disposed: 3,067 at $36.94 each; total value $113,295
- Transaction code: F — shares withheld to satisfy tax withholding upon vesting
- Shares owned after the transaction: not specified in the provided Form 4
- Footnote F2: There remain 23,384 performance-based RSUs eligible to vest (0%–150%) after 2027 and 34,535 performance-based RSUs eligible to vest (0%–150%) after 2028, subject to financial goals and Compensation Committee certification
Context
- Withholding shares to cover taxes is a common, routine administrative action when restricted stock or RSUs vest and does not necessarily indicate a change in the insider’s view of the company. This was not an open-market sale or a purchase; it was a cashless/withholding settlement to pay taxes.