Welltower Inc. director reports 62 new shares via dividend equivalents

Rhea-AI Filing Summary

Welltower Inc. director reports small stock accrual

A director of Welltower Inc. (WELL) reported acquiring 62 shares of common stock on 11/20/2025 at a price of $197.58 per share. After this transaction, the director beneficially owns 16,617.57 shares of Welltower common stock in direct ownership.

The filing explains that these 62 shares represent dividend equivalent rights that accrued on outstanding deferred stock units held by the reporting person, and these rights may only be settled in common stock. The report is filed as a Form 4 by a single reporting person in the capacity of a director.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LOPEZ DENNIS G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	62	$197.58	$12K

Holdings After Transaction: Common Stock — 16,617.57 shares (Direct)

Footnotes (1)

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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^*

LOPEZ DENNIS G

(Last) (First) (Middle)

4500 DORR STREET

(Street)

TOLEDO OH 43615

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WELLTOWER INC. [ WELL ]

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)
11/20/2025

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	11/20/2025		A		62(1)	A	$197.58	16,617.57	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. These shares represent dividend equivalent rights accrued on outstanding deferred stock units held by the reporting person, which may only be settled in common stock.

	Matthew G. McQueen, Attorney-in-Fact For: Dennis G. Lopez	11/21/2025
	** 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 transaction did the Welltower (WELL) director report on this Form 4?

The director reported acquiring 62 shares of Welltower Inc. common stock on 11/20/2025 at a price of $197.58 per share.

How many Welltower (WELL) shares does the reporting person now beneficially own?

Following the reported transaction, the director beneficially owns 16,617.57 shares of Welltower Inc. common stock in direct ownership.

What is the nature of the 62 Welltower (WELL) shares acquired?

The 62 shares represent dividend equivalent rights that accrued on outstanding deferred stock units and may only be settled in Welltower common stock.

What is the relationship of the reporting person to Welltower Inc. (WELL)?

The reporting person is identified as a Director of Welltower Inc. on this Form 4.

Is this Welltower (WELL) Form 4 filed by one reporting person or a group?

The filing indicates that the Form 4 is filed by one reporting person, not by more than one reporting person.

How were the dividend equivalent rights for Welltower (WELL) settled?

The filing states that the dividend equivalent rights accrued on deferred stock units held by the director and may only be settled in common stock of Welltower Inc..