Ventas (VTR) Director Matthew J. Lustig Receives Stock Award

What Happened

• Matthew J. Lustig, a director of Ventas, Inc. (VTR), was granted dividend-equivalent units that converted into common stock on July 16, 2026. The filing shows two acquisitions: 209.667 shares at $95.04 each (value $19,927) and 71.615 shares at $95.04 each (value $6,806), totaling 281.282 shares valued at $26,733. Transaction code A indicates these were awards/grants (not open-market purchases or sales).

Key Details

• Transaction date: 2026-07-16; reported on Form 4 filed 2026-07-17 (timely filing).
• Price used: $95.04 per share (closing price on grant date).
• Shares acquired: 209.667 and 71.615 (total 281.282); total reported value $26,733.
• Shares owned after transaction: not specified in the provided filing extract.
• Footnotes: F1 and F3 — units granted as dividend equivalents under (a) the Non-Employee Directors' Cash Compensation Deferral Plan and (b) the Non-Employee Directors' Equity Award Deferral Program (pursuant to the 2022 Incentive Plan); F2 notes the $95.04 closing price basis.
• No 10b5-1 plan, tax-withholding sale, or late filing is indicated in the filing excerpt.

Context

• These were dividend-equivalent units credited under director deferral plans and are payable only in common stock per the director’s deferral election and plan terms. Such awards reflect routine plan mechanics (conversion of dividend equivalents) rather than an open-market purchase or sale and therefore do not necessarily indicate a change in the director’s view of the company.