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

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

Summary

• On April 1, 2025, Matthew J. Lustig, a director of Ventas, Inc., acquired 469.179 shares of Ventas common stock.
• The acquisition was made under the Ventas, Inc. Non-Employee Directors' Cash Compensation Deferral Plan in lieu of director fees.
• The price per share was $69.27.
• Following the transaction, Lustig directly owns 86,718.918 shares of Ventas common stock.
• Lustig has also granted power of attorney to Carey S. Roberts, Kevin Bohl, Kenneth Hagan, Jessica Stricklin and Jose Torres to file Form ID Applications and Forms 3, 4 and 5 on his behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally a good sign, but the transaction is part of a pre-existing compensation plan and not a market purchase.

Positives

• Director's participation in the compensation deferral plan demonstrates confidence in the company's future.

Industry Context

Directors acquiring shares in their own company is generally viewed positively by the market, as it aligns their interests with those of shareholders.

Comparison to Industry Standards

• Director share ownership is a common practice in publicly traded companies, particularly in REITs like Ventas.
• Comparing Lustig's holdings and acquisition to those of directors at similar REITs (e.g., Welltower, Healthpeak Properties) would provide a benchmark for assessing the significance of this transaction.
• Director compensation deferral plans are also common, allowing directors to align their compensation with long-term shareholder value.

Related Party Transactions

• The acquisition of shares through the Non-Employee Directors' Cash Compensation Deferral Plan can be considered a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders due to the director's increased alignment with their interests.

Key Dates

Keywords

Ventas, Director, Lustig, Share Acquisition, Form 4, Compensation Deferral Plan, Beneficial Ownership, Power of Attorney