Ventas (VTR) director receives 48.5130 dividend-equivalent share units at $95.0400

Rhea-AI Filing Summary

Ventas, Inc. director Rodriguez Joe Vasquez Jr. acquired 48.5130 shares of common stock on July 16, 2026, reported as units credited as dividend equivalents under the Ventas, Inc. Non-Employee Directors' Equity Award Deferral Program adopted under the 2022 Incentive Plan. The grant was valued at $95.0400 per share, the closing price on the grant date, and is payable solely in common stock subject to the director's deferral election and program terms. Following this award, the director directly holds 9943.2320 shares of Ventas common stock. The Rule 10b5-1 trading plan checkbox was not marked for this transaction.

Insider Trade Summary

Net Buyer: 48.513 shares

Net Buy 1 txn

Insider Rodriguez Joe Vasquez Jr.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	48.513	$95.04	$5K

Holdings After Transaction: Common Stock — 9,943.232 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. Represents the closing price per share of Issuer's common stock as of the grant date.

Key Figures

Shares acquired: 48.5130 shares Grant valuation price: $95.0400 per share Post-transaction holdings: 9943.2320 shares +1 more

4 metrics

Shares acquired 48.5130 shares Common stock units credited as dividend equivalents on July 16, 2026

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

Post-transaction holdings 9943.2320 shares Director’s direct Ventas common stock holdings after the award

Rule 10b5-1 plan status Checkbox not marked Filing-level Rule 10b5-1 checkbox for this Form 4

Key Terms

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

3 terms

Non-Employee Directors' Equity Award Deferral Program financial

"Common stock in the form of units granted under the Ventas, Inc. Non-Employee Directors' Equity Award Deferral Program"

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.

2022 Incentive Plan financial

"Program adopted pursuant to the Ventas, Inc. 2022 Incentive Plan as a result of dividend equivalents"

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.

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

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Form 4 Insider Transactions: What Each Field Means →

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

FAQ

What did Ventas (VTR) director Rodriguez Joe Vasquez Jr. receive in this Form 4?

Rodriguez Joe Vasquez Jr. received an award of 48.5130 Ventas common stock units on July 16, 2026. These units were credited as dividend equivalents under the Non-Employee Directors' Equity Award Deferral Program and are payable solely in common stock.

At what price was the Ventas (VTR) director’s share award valued?

The share award to the Ventas director was valued at $95.0400 per share. This amount represents the closing price of Ventas common stock on the July 16, 2026 grant date, as specified in the filing footnotes.

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

After the reported transaction, Rodriguez Joe Vasquez Jr. directly holds 9943.2320 shares of Ventas common stock. This total includes the newly credited 48.5130 units granted as dividend equivalents under the director equity award deferral program.

What is the Ventas (VTR) Non-Employee Directors' Equity Award Deferral Program?

The Non-Employee Directors' Equity Award Deferral Program allows Ventas directors to receive equity awards, including units credited as dividend equivalents, under the 2022 Incentive Plan. These units are payable solely in common stock and follow each director’s deferral election and program terms.

Was the Ventas (VTR) director’s Form 4 transaction under a Rule 10b5-1 plan?

The transaction was not designated as being made under a Rule 10b5-1 trading plan. The filing’s Rule 10b5-1 checkbox was not checked, and the footnotes do not reference any pre-arranged trading plan.

What is the nature of the Ventas (VTR) shares acquired by the director?

The director’s acquisition represents common stock units granted as a result of dividend equivalents on Ventas common stock. These units are payable solely in common stock and are subject to the director’s deferral election and the program’s terms and conditions.

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^*

Rodriguez Joe Vasquez Jr.

(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		48.513(1)	A	$95.04(2)	9,943.232	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' 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.

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

Remarks:

	Joe V. Rodriguez, Jr. 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)