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Get filing alertsNHI enters change-in-control severance agreement with Todd Siefert
Filed July 1, 2026 · Period ending July 1, 2026 · ~1 min read
Key Changes
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NHI entered into a change-in-control severance agreement with Todd Siefert effective July 1, 2026, providing protections if his employment is terminated without cause or for good reason within two years of a change in control.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Upon qualifying termination, Siefert would receive 2.0x his average annual salary and bonus over the prior two years, a pro-rated bonus, 18 months of health coverage, and accelerated vesting of time-based equity awards.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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The agreement includes 12-month non-compete and non-solicitation restrictions following any severance-triggering termination, plus ongoing confidentiality obligations.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
National Health Investors entered into a change-in-control severance agreement with Todd Siefert on July 1, 2026. The agreement provides severance protections if Siefert's employment is terminated without cause or for good reason within two years following a change in control, or without cause within 30 days prior to a change in control.
Upon a qualifying termination, Siefert would receive a cash payment equal to 2.0 times his average annual base salary and bonus over the prior two years, a pro-rated bonus, 18 months of continued health coverage, and accelerated vesting of time-based equity awards. For retail investors, this is a routine governance matter.
Change-in-control agreements are standard executive compensation tools designed to retain key talent during potential M&A activity by reducing personal uncertainty. The 2.0x multiple and 18-month coverage period are within market norms for executives at REITs of NHI's size. The agreement includes standard 12-month non-compete and non-solicitation provisions to protect the company's competitive interests. This filing does not signal an imminent transaction or material change to NHI's operations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 2, 2026 · How we verify