other_material
confidence high
sentiment neutral
materiality 0.35
Sonida grants CEO and CFO performance stock units tied to CHP merger and stock price hurdles
SONIDA SENIOR LIVING, INC.
- CEO Brandon Ribar receives PSUs for up to 275,000 shares; CFO Kevin Detz up to 185,000 shares.
- PSUs vest upon stock price reaching $40.11, $53.48, or $66.85 per share (150%, 200%, 250% of merger reference $26.74).
- Award conditioned on stockholder approval of Plan share increase and closing of CHP merger by Dec 31, 2026.
- No vesting if neither condition met; forfeiture if service ends before vesting except for death/disability or qualifying termination before a change in control.
- Performance period begins one year after grant date (Feb 23, 2026) and ends on fourth anniversary.
item 5.02item 9.01
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