0001862128-24-000015.txt : 20240304
0001862128-24-000015.hdr.sgml : 20240304
20240304133558
ACCESSION NUMBER: 0001862128-24-000015
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240229
FILED AS OF DATE: 20240304
DATE AS OF CHANGE: 20240304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FLORES JESSICA
CENTRAL INDEX KEY: 0002003768
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34950
FILM NUMBER: 24714154
MAIL ADDRESS:
STREET 1: 18500 VON KARMAN AVENUE, SUITE 550
CITY: IRVINE
STATE: CA
ZIP: 92612
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sabra Health Care REIT, Inc.
CENTRAL INDEX KEY: 0001492298
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 272560479
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 18500 VON KARMAN
STREET 2: SUITE 550
CITY: IRVINE
STATE: CA
ZIP: 92612
BUSINESS PHONE: 888-393-8248
MAIL ADDRESS:
STREET 1: 18500 VON KARMAN
STREET 2: SUITE 550
CITY: IRVINE
STATE: CA
ZIP: 92612
4
1
wk-form4_1709577348.xml
FORM 4
X0508
4
2024-02-29
0
0001492298
Sabra Health Care REIT, Inc.
SBRA
0002003768
FLORES JESSICA
C/O SABRA HEALTH CARE REIT, INC.
1781 FLIGHT WAY
TUSTIN
CA
92782
0
1
0
0
Executive VP & CAO
0
Common Stock
2024-02-29
4
A
0
409
0
A
55547
D
Common Stock
2024-03-01
4
A
0
5976
0
A
61523
D
Common Stock
2024-03-01
4
F
0
2291
13.99
D
59232
D
Represents stock units credited to the reporting person in the form of dividend equivalent payments on stock units previously granted to the reporting person that are outstanding under the Issuer's 2009 Performance Incentive Plan, calculated on the basis of the market value of the Issuer's common stock on the dividend payment date. These units will vest and become payable on the same terms as the original stock units to which they relate.
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 June 13, 2023, including 328 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 March 1, 2024 that the number of PSUs earned was 200.0% 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, 2023 and ending December 31, 2023.
Represents shares withheld by the Issuer in accordance with Rule 16b-3 to satisfy tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.
Includes 19,337 stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.
/s/ Michael Costa, as Attorney-in-Fact
2024-03-04