EMBLER MICHAEL J 4

What Happened Michael J. Embler, a director of Ventas, Inc. (VTR), received a grant of 2,047 restricted stock units (RSUs) on May 13, 2026. The award is reported at an implied value of $184,946, using a $90.35 per-share closing price on the grant date. This was a grant/award (not a market purchase or sale).

Key Details

• Transaction type: Award/Grant (Form 4 code A)
• Grant date: 2026-05-13; Form 4 filed: 2026-05-15 (timely — within the standard two-business-day reporting window)
• Units granted: 2,047 RSUs
• Implied value: 2,047 × $90.35 = $184,946 (price = closing share price on grant date per filing)
• Vesting: RSUs vest on the earlier of the one-year anniversary of the grant date or the date of Ventas’ 2027 Annual Meeting of Stockholders (per footnote)
• Shares owned after transaction: Not specified in the provided filing details
• Footnotes: F1 = RSUs granted under Ventas’ 2022 Incentive Plan with the vesting schedule above; F2 = $90.35 is the closing price per share on grant date

Context This transaction is an equity grant to a non-employee director rather than a purchase or sale. Grants like this are common as compensation and do not, by themselves, indicate a director’s personal buying or selling sentiment. The filing was made promptly.