Sonida Senior Living, Inc.'s (NYSE:SNDA) Senior Vice President and Chief Revenue Officer, Michael Fryar, recently engaged in significant stock transactions, according to the latest SEC filings. Fryar sold a total of $259,411 worth of common stock, with individual sales prices ranging from $27.76 to $28.29.
The transactions, which took place on April 8 and 9, involved the sale of 7,898 shares at a weighted average price of $28.29 and 1,296 shares at a weighted average price of $27.76, respectively. The sales were executed in multiple transactions with prices varying within the reported ranges. Fryar's stock sales follow a series of other transactions, including the acquisition of shares and the withholding of shares for tax obligations.
Prior to these sales, Fryar was granted 11,454 shares of restricted stock on April 5, which are set to vest in installments over the next three years, and a separate grant of 11,453 shares of performance-based restricted stock that will vest upon meeting target performance objectives. These grants, under the 2019 Omnibus Stock and Incentive Plan, were both valued at $0.00 at the time of the award.
Additionally, Fryar had 751 shares withheld on April 5 to satisfy tax withholding obligations, amounting to a total value of $22,086 at a price of $29.41 per share. Post these transactions, the executive's direct ownership in the company stands at 87,513 shares of common stock.
Investors and interested parties can note that the filings include undertakings by Fryar to provide full information regarding the number of shares sold at each separate price within the stated ranges upon request.
The SEC Form 4 filings provide a transparent look into the trading activities of company insiders, offering investors insights into executive confidence and behavior regarding their own company's stock.
InvestingPro Insights
Amid the flurry of stock transactions by Sonida Senior Living, Inc.'s (NYSE:SNDA) Senior Vice President and Chief Revenue Officer, Michael Fryar, investors might be seeking deeper financial context. Here are some key metrics and insights from InvestingPro that can help to better understand the company's current financial landscape:
- The company's market capitalization stands at $349.23 million, indicating its size within the market and providing a sense of the company's valuation.
- Sonida Senior Living's revenue over the last twelve months as of Q4 2023 was reported to be $234.22 million, with a growth rate of 10.97%, showing the company's ability to increase its sales over the period.
- Despite recent stock price volatility, the company has seen a strong return over the last month, with a 1-month price total return of 48.91%, and an even more impressive 3-month price total return of 212.63%.
When considering these metrics, it's also important to note a couple of InvestingPro Tips for SNDA:
- The company operates with a significant debt burden, which may impact its financial flexibility and investment potential.
- Despite not being profitable over the last twelve months, investors have witnessed a high shareholder yield, which could be a sign of the company's commitment to delivering value to its shareholders.
For investors intrigued by these insights, there are additional InvestingPro Tips available that can provide an even more comprehensive understanding of Sonida Senior Living's financial health and market position. For example, the company has been trading at a high EBITDA valuation multiple and has experienced a large price uptick over the last six months. To explore these tips and more, visit InvestingPro at https://www.investing.com/pro/SNDA and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Currently, there are 11 additional InvestingPro Tips listed for SNDA that could further inform investment decisions.
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