secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001628280-25-057652
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828025057652/0001628280-25-057652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828025057652/ctre-20251211.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-057652

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