Smith Darrin 4

What Happened
Darrin Smith, Executive Vice President, Chief Investment Officer and Secretary of Sabra Health Care REIT (SBRA), was credited with 478 stock units as an award on February 27, 2026. The units were recorded at $0.00 per unit (total reported value $0) and are described as dividend-equivalent payments on previously granted stock units under the Issuer’s 2009 Performance Incentive Plan. This is an award/crediting of units (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-27; Filing date (Form 4): 2026-03-03 — filed within the SEC’s two-business-day window (timely).
• Amount acquired: 478 stock units at $0.00 per unit (total $0).
• Footnote F1: These 478 units are dividend equivalents credited on previously granted stock units and will vest/payable on the same terms as the original awards.
• Footnote F2: The filing notes 33,186 stock units that, upon settlement, will be paid one-for-one in shares of the issuer’s common stock (these are part of the reporting person’s outstanding units).
• Transaction type: Award/credit (compensation-related), not a market purchase or sale.

Context
Dividend-equivalent stock units are routinely credited as compensation adjustments and reflect additional units tied to existing awards; they do not involve the insider buying or selling shares in the open market. Such awards typically follow the vesting and settlement rules of the original grants and should be viewed as compensation-related rather than an independent bullish or bearish signal.