secwatch.observer — SEC 8-K summary
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Issuer:     SONIDA SENIOR LIVING, INC. (SNDA)
CIK:        0001043000
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001193125-26-064396
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonida grants CEO and CFO performance stock units tied to CHP merger and stock price hurdles
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043000/000119312526064396/0001193125-26-064396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043000/000119312526064396/d705505d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-064396

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer