EMBLER MICHAEL J 4

What Happened

• Michael J. Embler, a Ventas, Inc. (VTR) director, was credited with 66.742 units of common stock on April 16, 2026 as an award (transaction code A). The reporting form values the grant at $85.51 per share, for a total of approximately $5,707.
• This was an award of deferred director compensation (dividend equivalents), not an open-market purchase or sale.

Key Details

• Transaction date: April 16, 2026; Form 4 filed April 17, 2026 (appears timely).
• Amount: 66.742 units/shares; price used: $85.51 (closing price on grant date); total value ≈ $5,707. (Transaction code A = award/grant.)
• Shares owned after transaction: not reported in this filing.
• Footnotes: F1 — units granted under the Ventas Non-Employee Directors' Equity Award Deferral Program and payable solely in common stock per the director's deferral election; F2 — $85.51 is the closing price per share on the grant date.

Context

• These units represent dividend-equivalent compensation credited under a director deferral program and are routine non-employee director pay. Such awards are administrative/compensation events and do not necessarily indicate the director is buying or selling stock based on private information.