CareTrust REIT adopts LTIP Units program for equity awards; directors and officers eligible

CareTrust REIT, Inc.

New LTIP Units created: Basic LTIP Units (time-vesting) and Performance LTIP Units (relative TSR-based).
Directors and executive officers may elect to receive annual equity awards as LTIP Units instead of RSUs.
Vested LTIP Units can convert into Partnership Common Units, then redeemable for cash or CTRE common stock.
LTIP Units intended to be 'profits interests' for tax purposes; initial distribution rate for Performance LTIP Units is 10% of Basic LTIP Unit distributions.
Compensation Committee approved award agreements on December 11, 2025; awards under existing Incentive Award Plan.

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