LOPEZ DENNIS G 4

What Happened Dennis G. Lopez, a director of Welltower Inc. (WELL), received an award of 1,787 deferred stock units on February 26, 2026. The units were granted without cash consideration (transaction reported as an award/grant, code A) at a reported price of $0.00; the filing shows $0 in cash value at grant. Each deferred stock unit will be settled in one share of Welltower common stock upon vesting on February 26, 2027. This was a director compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-26; filing date: 2026-02-27 (timely filed).
• Transaction type/code: Award/Grant (A); price reported $0.00.
• Quantity granted: 1,787 deferred stock units; total cash paid: $0.
• Shares owned after transaction: not disclosed in the Form 4 provided.
• Footnote: Units were granted under the Amended and Restated Welltower Inc. 2022 Long-Term Incentive Plan and will be settled in common stock upon vesting on 2027-02-26.

Context Deferred stock units are a common non-cash form of director compensation; they do not represent an immediate market purchase or sale and will convert to shares only when they vest. Such grants compensate service and can lead to future share issuance (dilution) when settled, but they are not a direct signal of the insider buying or selling shares today.