LUSTIG MATTHEW J 4

What Happened
Matthew J. Lustig, a director of Ventas, received two awards (transaction code A) on April 16, 2026 totaling 295.973 shares of Ventas common stock. The awards were granted as dividend equivalents credited under two director deferral arrangements: 229.231 shares valued at $85.51 each ($19,602) and 66.742 shares at $85.51 each ($5,707). Total value ≈ $25,309 based on the closing price on the grant date.

Key Details

• Transaction date: April 16, 2026. Grant price used (closing price): $85.51 per share (footnote F2).
• Share breakdown: 229.231 shares (Plan; F1) and 66.742 shares (Program; F3); total 295.973 shares.
• Shares owned after transaction: Not disclosed in this filing.
• Nature of award: Dividend-equivalent units payable solely in common stock and subject to the director's deferral election and plan/program terms (F1, F3).
• Filing: Reported on April 17, 2026 (appears timely); transaction coded A = Award/Grant.

Context
These were dividend-equivalent awards under Ventas’ non-employee director deferral arrangements, not open-market purchases or sales. Such awards are routine for directors who elect to receive deferred compensation in stock and do not, by themselves, indicate a buy/sell signal.