Ventas director granted stock units as dividends

Ventas, Inc. director Maurice S. Smith reported two acquisitions of common stock units on July 16, 2026.

Rhea-AI Filing Summary

Ventas, Inc. director Maurice S. Smith reported two acquisitions of common stock units on July 16, 2026. He received 71.615 and 56.195 units of common stock, valued at $95.0400 per share, as dividend equivalents credited under the company’s Non-Employee Directors’ cash compensation and equity award deferral programs, which are payable solely in common stock pursuant to his deferral elections.

Insider Trade Summary

Grant/Award: 127.81 shares

Grant/Award 2 txns

Insider Smith Maurice S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	56.195	$95.04	$5K
Grant/Award	Common Stock F3, F2	71.615	$95.04	$7K

Holdings After Transaction: Common Stock — 31,311.37 shares (Direct)

Footnotes (3)

1. F1. Common stock in the form of units granted under the Ventas, Inc. Non-Employee Directors' Cash Compensation Deferral Plan (the "Plan") as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on July 16, 2026. Such units are payable solely in common stock and subject to the terms and conditions of the Reporting Person's deferral election and the Plan.
2. F2. Represents the closing price per share of Issuer's common stock as of the grant date.
3. F3. Common stock in the form of units granted under the Ventas, Inc. Non-Employee Directors' Equity Award Deferral Program (the "Program") adopted pursuant to the Ventas, Inc. 2022 Incentive Plan as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on July 16, 2026. Such units are payable solely in common stock and subject to the terms and conditions of the Reporting Person's deferral election and the Program.

Key Figures

Stock units granted under Equity Award Deferral Program: 71.615 units Stock units granted under Cash Compensation Deferral Plan: 56.195 units Reference share price: $95.0400 per share +2 more

5 metrics

Stock units granted under Equity Award Deferral Program 71.615 units Common stock units credited as dividend equivalents on July 16, 2026

Stock units granted under Cash Compensation Deferral Plan 56.195 units Common stock units credited as dividend equivalents on July 16, 2026

Reference share price $95.0400 per share Closing price per share of Ventas common stock on the grant date

Holdings after Equity Award grant 31311.3700 shares Direct common stock reported following the Equity Award Deferral Program transaction line

Holdings after Cash Compensation grant 31239.7550 shares Direct common stock reported following the Cash Compensation Deferral Plan transaction line

Key Terms

Non-Employee Directors' Cash Compensation Deferral Plan, dividend equivalents, Equity Award Deferral Program, 2022 Incentive Plan

4 terms

Non-Employee Directors' Cash Compensation Deferral Plan financial

"Common stock in the form of units granted under the Ventas, Inc. Non-Employee Directors' Cash Compensation Deferral Plan"

dividend equivalents financial

"as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Equity Award Deferral Program financial

"units granted under the Ventas, Inc. Non-Employee Directors' Equity Award Deferral Program adopted pursuant to the 2022 Incentive Plan"

2022 Incentive Plan financial

"Equity Award Deferral Program adopted pursuant to the Ventas, Inc. 2022 Incentive Plan"

A 2022 incentive plan is a formal program adopted in 2022 that outlines how a company will reward employees, executives, or directors with cash, stock, or other benefits tied to performance or continued service. Investors care because these plans can change how much ownership exists (dilution), affect reported profits through compensation costs, and influence whether managers are motivated to increase long‑term value—think of it as the rules for a company’s bonus and stock‑award system.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Maurice S. Smith report in his latest Form 4 for VTR?

Maurice S. Smith reported receiving additional Ventas common stock units as director compensation. On July 16, 2026 he was credited with two grants of stock units representing dividend equivalents under non-employee director deferral programs, with no open-market purchases or sales disclosed.

How many Ventas (VTR) stock units did Maurice S. Smith receive?

Maurice S. Smith received 71.615 stock units in one grant and 56.195 stock units in a second grant. Both grants represent common stock in the form of units credited as dividend equivalents under Ventas’ non-employee director deferral arrangements.

At what price were the Ventas (VTR) stock units valued in the Form 4?

The stock units were valued at $95.0400 per share. A footnote states this is the closing price per share of Ventas common stock on the grant date, used to determine the number of units credited as dividend equivalents.

What director deferral programs are referenced in Ventas (VTR) director Maurice S. Smith’s Form 4?

The filing references the Non-Employee Directors' Cash Compensation Deferral Plan and the Non-Employee Directors' Equity Award Deferral Program, adopted under the 2022 Incentive Plan. Both credit dividend equivalents as stock units payable solely in common stock under the director’s deferral election.

How many Ventas (VTR) shares does Maurice S. Smith hold after these transactions?

Following the equity award deferral grant, the Form 4 reports 31,311.3700 shares of direct common stock. Following the cash compensation deferral grant, it reports 31,239.7550 shares of direct common stock, reflecting his reported direct holdings after each respective transaction line.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/17/2026 - 04:16 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Smith Maurice S

(Last) (First) (Middle)

C/O VENTAS, INC.

300 NORTH LASALLE ST., SUITE 1600

(Street)

CHICAGO ILLINOIS 60654

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ventas, Inc. [ VTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/16/2026		A		56.195(1)	A	$95.04(2)	31,239.755	D
Common Stock	07/16/2026		A		71.615(3)	A	$95.04(2)	31,311.37	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Common stock in the form of units granted under the Ventas, Inc. Non-Employee Directors' Cash Compensation Deferral Plan (the "Plan") as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on July 16, 2026. Such units are payable solely in common stock and subject to the terms and conditions of the Reporting Person's deferral election and the Plan.

2. Represents the closing price per share of Issuer's common stock as of the grant date.

3. Common stock in the form of units granted under the Ventas, Inc. Non-Employee Directors' Equity Award Deferral Program (the "Program") adopted pursuant to the Ventas, Inc. 2022 Incentive Plan as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on July 16, 2026. Such units are payable solely in common stock and subject to the terms and conditions of the Reporting Person's deferral election and the Program.

Remarks:

	Maurice S. Smith, By: /s/ Jessica Stricklin, Attorney-In-Fact	07/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)