Ventas (VTR) director reports 420.277 deferred stock units and 91,967.22 shares owned

Rhea-AI Filing Summary

Ventas, Inc. director reports stock units from deferred fees

A Ventas, Inc. director reported receiving 420.277 units of common stock on 01/02/2026, shown as an acquisition at a reference price of $77.33 per share. These units were granted under the Ventas, Inc. Non-Employee Directors' Cash Compensation Deferral Plan in lieu of cash director fees, based on the director's deferral election.

Following this transaction, the director beneficially owns 91,967.22 shares of Ventas common stock in direct form. The deferred units are payable solely in common stock and remain subject to the terms of the director's deferral election and the plan. The filing was signed on the director’s behalf by an attorney-in-fact under a power of attorney.

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
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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^*

LUSTIG MATTHEW J

(Last) (First) (Middle)

C/O VENTAS, INC.

300 NORTH LASALLE ST., SUITE 1600

(Street)

CHICAGO IL 60654

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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

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

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

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	01/02/2026		A		420.277(1)	A	$77.33(2)	91,967.22	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") in lieu of director fees pursuant to the director's deferral election. Such units are payable solely in common stock and subject to the terms and conditions of the director's deferral election and the Plan.

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

Remarks:

Exhibit 24 - Power of Attorney

	Matthew J. Lustig, By: /s/ Jessica Stricklin, Attorney-In-Fact	01/06/2026
	** 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.

FAQ

What insider transaction did Ventas (VTR) report in this Form 4?

A Ventas, Inc. director reported acquiring 420.277 units of common stock on 01/02/2026, recorded as common stock received under a deferral arrangement.

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

The units were valued using the $77.33 closing price per share of Ventas' common stock on the grant date.

How many Ventas (VTR) shares does the director own after this transaction?

After the reported transaction, the director beneficially owns 91,967.22 shares of Ventas common stock in direct ownership form.

Why did the Ventas (VTR) director receive stock units instead of cash?

The filing states that the common stock units were granted under the Ventas, Inc. Non-Employee Directors' Cash Compensation Deferral Plan in lieu of director fees, pursuant to the director's deferral election.

How will the Ventas (VTR) deferred units be settled for the director?

According to the explanation, the units are payable solely in common stock and are subject to the terms and conditions of the director's deferral election and the plan.

Who signed the Ventas (VTR) Form 4 on behalf of the director?

The Form 4 was signed as "Matthew J. Lustig, By: /s/ Jessica Stricklin, Attorney-In-Fact", indicating use of a power of attorney.