Chaudhri Nikhil 4

What Happened Nikhil Chaudhri, Co‑President and Chief Investment Officer of Welltower (WELL), had a total of 215,576 LTIP units vest on February 13, 2026. Those vested LTIP Units automatically converted into the same number of OP Units of Welltower OP LLC (a subsidiary). No cash was paid in connection with the vesting or conversion, and the filing reports these as derivative/award transactions rather than open‑market buys or sales.

Key Details

• Transaction date: February 13, 2026 (reported on Form 4 filed Feb 18, 2026). Price: N/A (derivative awards; no cash exchanged).
• Units that vested and converted on Feb 13, 2026:
  • 21,508 LTIP Units (originally granted 2/23/2023)
  • 65,666 LTIP Units (originally granted as PSUs 1/17/2022 and converted to LTIP Units 1/3/2023)
  • 20,614 LTIP Units (originally granted 4/8/2024)
  • 107,788 LTIP Units (original grant referenced in filing)
• Total vested/converted: 215,576 units (now OP Units, convertible in the future into Welltower common shares or cash value).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: LTIP Units are intended to qualify as profits interests; they convert to OP Units once vested and meeting capital account conditions; matching “Other Stock Units” were granted under the 2022 Plan solely to reserve shares for any future OP Unit exchange. Upon exchange for common shares, OP Units are relinquished; any leftover Other Stock Units would be canceled.
• Filing timing: reported on Feb 18 for a Feb 13 vesting date (filing date shown on the SEC record).

Context These were compensation awards (long‑term incentive units) that vested and converted into subsidiary OP Units, not open‑market purchases or sales. Such vesting events generally reflect scheduled compensation vesting rather than a direct indicator of insider bullishness or bearishness. The OP Units may be exchanged later for Welltower common shares (or cash equivalent), at which point shares would be reportable when exchanged.