Ventas director Matthew J. Lustig receives stock grants

The dividend-equivalent units are payable solely in common stock and remain subject to the director's deferral election and applicable plan terms.

Rhea-AI Filing Summary

Ventas, Inc. director Matthew J. Lustig received grants of 238.848 common-stock units under the Non-Employee Directors' Cash Compensation Deferral Plan and 80.645 units under the Non-Employee Directors' Equity Award Deferral Program on October 15, 2026. Both grants arose from dividend equivalents credited for the dividend paid that day; the units are payable solely in common stock and subject to his deferral election and the applicable plan or program. The reported $84.86 per share is the stock's closing price on the grant date.

Insider Trade Summary

Grant/Award: 319.493 shares

Grant/Award 2 txns

Insider LUSTIG MATTHEW J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	238.848	$84.86	$20K
Grant/Award	Common Stock F3, F2	80.645	$84.86	$7K

Holdings After Transaction: Common Stock — 96,502.067 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 October 15, 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 October 15, 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

Common-stock units granted under the Non-Employee Directors' Cash Compensation Deferral Plan: 238.848 units Common-stock units granted under the Non-Employee Directors' Equity Award Deferral Program: 80.645 units Grant-date closing price: $84.86 per share

3 metrics

Common-stock units granted under the Non-Employee Directors' Cash Compensation Deferral Plan 238.848 units October 15, 2026

Common-stock units granted under the Non-Employee Directors' Equity Award Deferral Program 80.645 units October 15, 2026

Grant-date closing price $84.86 per share Closing price of Ventas common stock on October 15, 2026

Key Terms

dividend equivalents, Non-Employee Directors' Cash Compensation Deferral Plan, Non-Employee Directors' Equity Award Deferral Program, deferral election

4 terms

dividend equivalents financial

"as a result of dividend equivalents credited"

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.

Non-Employee Directors' Cash Compensation Deferral Plan financial

"units granted under the Non-Employee Directors' Cash Compensation Deferral Plan"

Non-Employee Directors' Equity Award Deferral Program financial

"units granted under the Non-Employee Directors' Equity Award Deferral Program"

deferral election financial

"subject to the terms and conditions of the Reporting Person's deferral election"

FAQ

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

How many units did VTR director Matthew J. Lustig receive?

On October 15, 2026, he received 238.848 units under the Non-Employee Directors' Cash Compensation Deferral Plan and 80.645 units under the Non-Employee Directors' Equity Award Deferral Program. Both grants were credited as dividend equivalents for the dividend paid that day and are payable solely in common stock, subject to the applicable deferral election and plan terms.

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

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Available on EDGAR 10/15/2026 - 05:45 PM EDT Accepted by SEC EDGAR 10/15/2026 - 05:45 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^*

LUSTIG MATTHEW 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)
10/15/2026

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	10/15/2026		A		238.848(1)	A	$84.86(2)	96,421.422	D
Common Stock	10/15/2026		A		80.645(3)	A	$84.86(2)	96,502.067	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 October 15, 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 October 15, 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:

	Matthew J. Lustig, By: /s/ Kenneth Hagan, Attorney-In-Fact	10/15/2026
	** 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)