Ventas (VTR) director Matthew Lustig receives 2,047 restricted stock units grant

Rhea-AI Filing Summary

LUSTIG MATTHEW J reported acquisition or exercise transactions in this Form 4 filing.

Ventas, Inc. director Matthew J. Lustig received an equity grant of 2,047 shares of common stock, reported as restricted stock units, valued at $90.35 per share based on the grant-date closing price. Following this award, he directly holds 95,005.712 shares of Ventas common stock.

The restricted stock units were granted under the Ventas, Inc. 2022 Incentive Plan and will vest on the earlier of the one-year anniversary of the grant date or the date of Ventas' 2027 Annual Meeting of Stockholders, tying the award to ongoing board service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LUSTIG MATTHEW J

Role null

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

Holdings After Transaction: Common Stock — 95,005.712 shares (Direct, null)

Footnotes (1)

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

Key Figures

RSUs granted: 2,047 shares Grant valuation price: $90.35 per share Total holdings after grant: 95,005.712 shares +2 more

5 metrics

RSUs granted 2,047 shares Restricted stock units granted to director on grant date

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

Total holdings after grant 95,005.712 shares Director’s direct Ventas common stock holdings post-transaction

Form type Form 4 Insider transaction report for equity award acquisition

Incentive plan year 2022 Award granted under Ventas, Inc. 2022 Incentive Plan

Key Terms

restricted stock units, 2022 Incentive Plan, Annual Meeting of Stockholders, closing price per share, +1 more

5 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.

Annual Meeting of Stockholders regulatory

"vest on the earlier of the one-year anniversary of the grant date or the date of Issuer's 2027 Annual Meeting of Stockholders."

closing price per share financial

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

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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)
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)	95,005.712	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:

	Matthew J. Lustig, 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)

FAQ

What insider transaction did Ventas (VTR) director Matthew Lustig report?

Matthew J. Lustig reported receiving 2,047 restricted stock units of Ventas common stock. The award reflects equity-based director compensation, not an open-market share purchase, and increases his direct holdings to 95,005.712 shares after the grant.

At what price was Matthew Lustig’s Ventas (VTR) equity grant 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 the award’s value in the Form 4 filing.

When do Matthew Lustig’s 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. This schedule links the award’s vesting to both time-based service and the company’s annual meeting.

How many Ventas (VTR) shares does Matthew Lustig hold after this Form 4?

After the reported grant, Matthew J. Lustig directly holds 95,005.712 shares of Ventas common stock. This total includes the newly awarded restricted stock units reported in the Form 4 insider transaction filing for the director.

Is Matthew Lustig’s Ventas (VTR) transaction a market buy or a compensation grant?

The transaction is a compensation-related grant of restricted stock units, not an open-market share purchase. It was issued under the Ventas, Inc. 2022 Incentive Plan as a director equity award, with vesting tied to future service and the 2027 annual meeting.