Form 4: Ventas Director Matthew Lustig Acquires Additional Shares Through Compensation Deferral Plan

Matthew Lustig, a director at Ventas, Inc., acquired additional shares of common stock through the company's Non-Employee Directors' Cash Compensation Deferral Plan.

Summary

• On April 1, 2024, Matthew J. Lustig, a director of Ventas, Inc., acquired 729.118 shares of common stock at a price of $42.86 per share.
• The acquisition was made through the Ventas Non-Employee Directors' Cash Compensation Deferral Plan, where director fees are deferred and converted into common stock units.
• Following the transaction, Lustig's total beneficial ownership of Ventas common stock is 79,582.587 shares.
• Lustig has also granted power of attorney to Carey S. Roberts, Kevin Bohl, Kenneth Hagan, and Jose Torres to handle SEC filings related to his Ventas securities holdings.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of positive or negative sentiment.

Positives

• The director's participation in the compensation deferral plan demonstrates confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Directors acquiring shares through compensation plans is a common practice in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation deferral plans are a fairly standard practice among publicly traded REITs like Ventas.
• Other comparable REITs such as Welltower (WELL) and Healthpeak Properties (PEAK) also utilize similar compensation structures for their board members.
• These plans typically allow directors to defer cash compensation in exchange for stock units, aligning their interests with long-term shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates