CareTrust REIT Inc. has introduced a new long-term incentive program, allowing eligible directors and executive officers to elect to receive their annual equity awards in the form of Basic LTIP Units and/or Performance LTIP Units under the company’s Incentive Award Plan. The company’s board has also adopted a revised operating partnership agreement, formally establishing LTIP Units and their sub-classes. Vesting for Basic LTIP Units and RSUs generally requires continued service, with a typical one-year vesting period for non-employee directors and three-year vesting for employees. Performance LTIP Units and PRSUs vest based on both continued service and the company’s total shareholder return compared to a peer group over a set performance period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CareTrust REIT Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-057652), on December 17, 2025, and is solely responsible for the information contained therein.
Comments