Director Rodriguez gets Ventas (NYSE: VTR) dividend stock units

Rhea-AI Filing Summary

Ventas, Inc. director Joe Vasquez Rodriguez Jr. reported an automatic grant linked to dividends rather than an open-market trade. On January 15, 2026, he acquired 42.037 units of common stock under the Ventas Non-Employee Directors' Equity Award Deferral Program, tied to dividend equivalents on the company’s common stock. The filing notes a reference price of $76.92 per share, which reflects the closing price on the grant date. After this transaction, Rodriguez beneficially owns 7,806.498 shares of Ventas common stock in direct form. The units are payable solely in common stock and remain subject to his deferral election and the terms of the program.

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^*

Rodriguez Joe Vasquez Jr.

(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)
01/15/2026

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	01/15/2026		A		42.037(1)	A	$76.92(2)	7,806.498	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 January 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.

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

Remarks:

Exhibit 24 - Power of Attorney

	Joe V. Rodriguez, Jr. By: /s/ Jessica Stricklin, Attorney-In-Fact	01/16/2026
	** 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) disclose in this Form 4?

The filing shows director Joe Vasquez Rodriguez Jr. acquired 42.037 units of Ventas common stock on January 15, 2026 through a dividend-equivalent grant under a director equity deferral program.

At what price were the Ventas (VTR) shares valued in this director award?

The grant uses a reference price of $76.92 per share, described as the closing price of Ventas common stock on the grant date.

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

Following the reported grant, Joe Vasquez Rodriguez Jr. beneficially owns 7,806.498 shares of Ventas common stock in direct ownership.

What is the source of the new Ventas (VTR) stock units granted to the director?

The 42.037 units were credited as dividend equivalents under the Ventas Non-Employee Directors' Equity Award Deferral Program, based on the dividend paid on January 15, 2026.

Are the Ventas (VTR) director units payable in cash or stock?

The filing states the units are payable solely in common stock and are governed by the terms of the director’s deferral election and the program.

Does this Ventas (VTR) Form 4 involve derivative securities like options or warrants?

No derivative securities are reported. The Form 4 lists only common stock in the non-derivative securities table, with no entries in the derivative securities table.