VTR Insider Filing: Cafaro Exercises 10,322 Options at $65.45
Rhea-AI Filing Summary
Debra A. Cafaro, Chairman and CEO of Ventas, Inc. (VTR), reported transactions dated 10/01/2025 on Form 4 showing the exercise and sale of 10,322 shares. She exercised fully vested stock options with an exercise price of $65.45 that were exercisable from 05/04/2016 and scheduled to expire 05/04/2026. The shares were sold under a Rule 10b5-1 trading plan entered 03/28/2024 at a weighted average sale price of $70.237. After the transactions, her reported beneficial ownership was 1,145,695 shares and she holds 670,965 unexercised options.
Positive
- Transaction executed under a Rule 10b5-1 plan (entered 03/28/2024)
- All exercised options were fully vested and disclosed with exercise price $65.45
- Detailed sale price range disclosed ($69.8327 to $70.472) and weighted average $70.237)
- Post-transaction beneficial ownership disclosed (1,145,695 shares) and unexercised options (670,965)
Negative
- Sale of 10,322 shares by the CEO (reported disposition)
- Reduction in reported share holdings from 1,156,017 to 1,145,695
Insights
Insider used a prearranged 10b5-1 plan to exercise options and sell shares.
The filing discloses that Debra A. Cafaro executed an option exercise of 10,322 shares and sold those shares under a Rule 10b5-1 plan established on 03/28/2024.
This documentation reduces concerns about opportunistic timing because transactions were made pursuant to a preexisting plan; the report also lists her remaining 670,965 unexercised options, which is relevant for future dilution calculations.
Exercise price was $65.45; weighted average sale price was $70.237.
The option exercise and immediate sale yielded a spread between the exercise price and sale price, with the sale executed across multiple trades at prices between $69.8327 and $70.472 per the filing.
The filing shows post-transaction ownership of 1,145,695 shares, which is the current reported beneficial stake to monitor for insider alignment with shareholders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,322 | $0.00 | -- |
| Exercise | Common Stock | 10,322 | $65.45 | $676K |
| Sale | Common Stock | 10,322 | $70.237 | $725K |
Footnotes (1)
- The transaction involved the exercise of fully vested options scheduled to expire in the next 8 months and the sale of the underlying shares net of the exercise price and taxes, all pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on March 28, 2024. The price reported is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $69.8327 to $70.472, inclusive. The Reporting Person undertakes to provide Issuer, any security holder of Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Fully vested. Represents total number of unexercised options to purchase shares of Issuer's Common Stock held by the Reporting Person.
