BACON KENNETH J 4
4 · WELLTOWER INC. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Welltower Director Kenneth J. Bacon Receives 2,627 Shares
What Happened
Kenneth J. Bacon, a director of Welltower Inc. (WELL), acquired 2,627 common shares on May 1, 2026 through the conversion/exchange of previously held LTIP/OP units. The shares were issued at $0 per share as a result of vested long‑term incentive units converting into exchangeable OP units and then into common stock — this was not an open‑market purchase or sale.
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (filed within the two‑business‑day reporting window).
- Transaction type: Conversion of derivative security (LTIP/OP units converted to common shares). Report shows 2,627 shares acquired at $0.00.
- Filing entry also shows the derivative position (OP units) as disposed (N/A) because those units were exchanged for common shares.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnote: The shares stem from LTIP Units awarded on Feb 23, 2023 that converted to Class A OP Units upon vesting and tax allocation, and those OP Units were exchanged for common shares on May 1, 2026.
Context
This is a non‑market acquisition resulting from the vesting/conversion of long‑term incentive units (an award that matured into stock), not a discretionary purchase that signals direct buying in the market. The disposal line in the filing reflects the conversion of the derivative unit, not a sale of shares for cash.
Insider Transaction Report
- Conversion
Common Stock
2026-05-01+2,627→ 14,306 total - Conversion
OP Units
[F1]2026-05-01−2,627→ 3,591 total→ Common (2,627 underlying)
Footnotes (1)
- [F1](1) On February 23, 2023, the reporting person received an award of membership interests in Welltower OP LLC ("Welltower OP"), a subsidiary of Welltower Inc. (the "Issuer"), designated as LTIP Units ("LTIP Units"), which were subsequently converted, upon both vesting and the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into Class A Common Units in Welltower OP ("OP Units") that are exchangeable for shares of common stock, par value $1.00 per share ("Common Shares"), of the Issuer or the equivalent cash value of Common Shares, as determined by the Issuer. On May 1, 2026, these OP Units were exchanged for Common Shares.