LONG-TERM COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

The following is a summary of stock option activity in 2025:


	Shares (000’s)	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)	Intrinsic Value ($000’s)
Outstanding as of December 31, 2024	2,631	$	63.89

Options exercised	(1,750)	63.35			$	14,043

Options expired	(398)	65.94
Outstanding as of December 31, 2025	483	64.17		0.9	$	6,380
Exercisable as of December 31, 2025	483	64.17		0.9	$	6,380

Summary of status of nonvested restricted stock and restricted stock units and changes during the year

The following is a summary of the status of our non-vested restricted stock and restricted stock units (including service-based and performance-based awards) as of December 31, 2025, and changes during the year ended December 31, 2025:


	Restricted Stock (000’s)	Weighted Average Grant Date Fair Value		Restricted Stock Units (000’s)	Weighted Average Grant Date Fair Value
Non-vested at December 31, 2024	51	$	49.88	1,301	$	52.39
Granted	—	—		796	62.28
Vested	(51)	49.88		(649)	54.87
Forfeited	—	—		(61)	51.67
Non-vested at December 31, 2025	—	—		1,387	56.90

Ventas, Inc. 10-K