LUSTIG MATTHEW J 4

What Happened
Matthew J. Lustig, a non-employee director of Ventas, Inc. (VTR), was granted 447.712 units of common stock (reported as an acquisition/award) on 2026-07-01. The units were valued at $89.65 each (closing price on the grant date), for a total reported value of $40,137. This award reflects deferred director compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-07-01 (reported on Form 4 filed 2026-07-02)
• Transaction type/code: A — Award / Acquisition
• Shares/units granted: 447.712
• Price used for valuation: $89.65 per share (closing price on grant date) — total value $40,137 (F2)
• Grant form: Units under the Ventas, Inc. Non-Employee Directors' Cash Compensation Deferral Plan; payable solely in common stock per director's deferral election (F1)
• Shares owned after transaction: Not reported in this filing
• Filing timeliness: Filed the next business day (no late filing indicated)

Context
This was a routine director compensation deferral (units granted in lieu of cash fees). Such awards are standard non-executive compensation and do not, by themselves, indicate insider buying or selling sentiment.