Costa Michael Lourenco 4

What Happened

• Michael Costa Lourenco, Executive Vice President, Chief Financial Officer and Treasurer of Sabra Health Care REIT (SBRA), was credited with 4,005 stock units on 2026-02-27. The units were reported as an award/acquisition at a $0.00 purchase price (i.e., no cash paid).
• The filing indicates these are dividend-equivalent stock units tied to previously granted performance/stock units and will vest and become payable on the same terms as the original awards.

Key Details

• Transaction date: 2026-02-27; Report filed: 2026-03-03 (filed on time under Form 4 timing rules).
• Transaction type/code: A = Award/Grant; Price: $0.00; Amount: 4,005 stock units.
• Shares owned after transaction: Not separately reported in the Form 4 provided here.
• Footnotes: F1 — units are dividend equivalents on previously granted stock units and will vest/pay on same schedule as those original units. F2 — filing references 278,415 stock units that, upon settlement, will be paid one-for-one in shares of the issuer's common stock.
• No indication of a sale or open-market purchase — this is a compensation-related award, not a market transaction.

Context

• These dividend-equivalent units are typically part of executive compensation and do not require cash outlay by the insider; they convert or pay out according to the terms of the underlying awards.
• Such awards are routine for executives and should be viewed as compensation disclosures rather than direct buy/sell signals.