Welltower director adds 73 shares via stock award

Rhea-AI Filing Summary

WELLTOWER INC. (WELL) reported that director Dennis G. Lopez acquired 73 shares of common stock on 2026-08-20 through a grant/award acquisition. A footnote explains these shares represent dividend equivalent rights accrued on outstanding deferred stock units that may only be settled in common stock. Following this award, Lopez directly holds 18,597.57 shares of WELL common stock at a referenced value of $237.40 per share.

Insider Trade Summary

Grant/Award: 73 shares

Grant/Award 1 txn

Insider LOPEZ DENNIS G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	73	$237.40	$17K

Holdings After Transaction: Common Stock — 18,597.57 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares acquired: 73 shares of common stock Price per share: $237.40 per share Total holdings after transaction: 18,597.57 shares

3 metrics

Shares acquired 73 shares of common stock Grant/award acquisition on 2026-08-20

Price per share $237.40 per share Reference value for grant/award acquisition

Total holdings after transaction 18,597.57 shares Direct ownership by Dennis G. Lopez after the award

Key Terms

dividend equivalent rights, deferred stock units, grant/award acquisition

3 terms

dividend equivalent rights financial

"These shares represent dividend equivalent rights accrued on outstanding deferred stock units"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

deferred stock units financial

"dividend equivalent rights accrued on outstanding deferred stock units held by the reporting person"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

grant/award acquisition financial

"transaction_action: grant/award acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did WELL (WELLTOWER INC.) report for Dennis G. Lopez?

Dennis G. Lopez reported a grant/award acquisition of 73 shares of WELL common stock on 2026-08-20, tied to dividend equivalent rights on deferred stock units that are settled only in common stock.

How many WELL (WELLTOWER INC.) shares does Dennis G. Lopez hold after this Form 4 transaction?

After the reported transaction, Dennis G. Lopez directly holds 18,597.57 shares of WELLTOWER INC. common stock, as disclosed in the Form 4 filing.

What was the reference price per share in Dennis G. Lopez’s WELL Form 4 award?

The Form 4 lists a reference value of $237.40 per share for the 73 shares of WELL common stock acquired as a grant/award related to dividend equivalent rights.

What are the dividend equivalent rights reported in WELL (WELLTOWER INC.) director’s Form 4?

The filing states the 73 shares represent dividend equivalent rights accrued on outstanding deferred stock units held by Dennis G. Lopez, and these rights may only be settled in WELL common stock.

Was Dennis G. Lopez’s WELL Form 4 transaction under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transaction was made pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 08/24/2026 - 04:49 PM EDT Accepted by SEC EDGAR 08/24/2026 - 04:49 PM EDT Learn about SEC filing dates

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 OHIO 43615

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

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	08/20/2026		A		73(1)	A	$237.4	18,597.57	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	08/24/2026
	** 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)