Ventas director granted 2,047 restricted stock units

EMBLER MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

EMBLER MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Ventas, Inc. director Michael J. Embler received a grant of 2,047 restricted stock units of common stock, valued at $90.35 per share based on the grant-date closing price. These units vest on the earlier of one year from grant or the company’s 2027 Annual Meeting of Stockholders, bringing his direct holdings to 16,701.958 shares.

Insider Trade Summary

Grant/Award: 2,047 shares

Grant/Award 1 txn

Insider EMBLER MICHAEL J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,047	$90.35	$185K

Holdings After Transaction: Common Stock — 16,701.958 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units granted by Issuer pursuant to the Ventas, Inc. 2022 Incentive Plan. The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the date of Issuer's 2027 Annual Meeting of Stockholders.
2. F2. Represents the closing price per share of Issuer's common stock as of the grant date.

Key Figures

RSUs granted: 2,047 units Grant valuation price: $90.35 per share Shares after grant: 16,701.958 shares +1 more

4 metrics

RSUs granted 2,047 units Restricted stock units granted to director on May 13, 2026

Grant valuation price $90.35 per share Closing price of Ventas common stock on grant date

Shares after grant 16,701.958 shares Director’s direct holdings following the reported transaction

Vesting horizon Earlier of 1 year or 2027 meeting Vesting condition for the restricted stock units

Key Terms

Restricted stock units, 2022 Incentive Plan, closing price per share

3 terms

Restricted stock units financial

"Restricted stock units granted by Issuer pursuant to the Ventas, Inc. 2022 Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2022 Incentive Plan financial

"Restricted stock units granted by Issuer 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.

closing price per share financial

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

FAQ

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

What insider transaction did Ventas (VTR) report for Michael J. Embler?

Ventas reported that director Michael J. Embler received 2,047 restricted stock units of common stock. The award was granted under the Ventas, Inc. 2022 Incentive Plan and is compensation-related, not an open-market purchase or sale of shares by the director.

At what price were Michael J. Embler’s Ventas (VTR) restricted stock units valued?

The 2,047 restricted stock units were valued at $90.35 per share, representing the closing price of Ventas common stock on the grant date. This price is used solely for reporting and compensation valuation, not as an execution price for a market trade.

When do Michael J. Embler’s new Ventas (VTR) restricted stock units vest?

The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the date of Ventas’ 2027 Annual Meeting of Stockholders. Vesting must occur before the units convert into common shares that the director can actually own outright.

How many Ventas (VTR) shares does Michael J. Embler hold after this grant?

Following the grant, Michael J. Embler’s direct holdings total 16,701.958 shares of Ventas common stock. This figure reflects his position after receiving the 2,047 restricted stock units reported in the filing, as disclosed in the post-transaction ownership line.

Under which plan were Michael J. Embler’s Ventas (VTR) restricted stock units granted?

The restricted stock units were granted under the Ventas, Inc. 2022 Incentive Plan. This plan provides equity-based compensation such as RSUs to directors and other eligible participants, aligning their interests with long-term shareholder value through stock-linked awards.

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

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Accepted by SEC EDGAR 05/15/2026 - 05:00 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^*

EMBLER MICHAEL J

(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)
05/13/2026

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	05/13/2026		A		2,047(1)	A	$90.35(2)	16,701.958	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. Restricted stock units granted by Issuer pursuant to the Ventas, Inc. 2022 Incentive Plan. The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the date of Issuer's 2027 Annual Meeting of Stockholders.

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

Remarks:

	Michael J. Embler, By: /s/ Jessica Stricklin, Attorney-In-Fact	05/15/2026
	** 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)