Form 4: Ventas Director Receives Dividend Equivalent Units

Director Maurice S. Smith acquired additional common stock units in Ventas, Inc. through dividend equivalents credited under the company's deferral plans.

Summary

• On April 17, 2025, Maurice S. Smith, a director of Ventas, Inc., acquired common stock units due to dividend equivalents.
• 52.081 units were granted under the Non-Employee Directors' Cash Compensation Deferral Plan at a price of $67.93 per share.
• An additional 55.23 units were granted under the Equity Award Deferral Program, also at $67.93 per share.
• Following these transactions, Smith's total holdings increased to 23,198.443 common stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of units reflects continued participation in Ventas, Inc.'s deferral plans by a director.
• Dividend equivalents provide additional compensation in the form of common stock units.

Future Outlook

The acquired units are payable solely in common stock and are subject to the terms and conditions of the Reporting Person's deferral election and the respective plans.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It reflects the standard practice of granting stock-based compensation and dividend equivalents to directors.

Comparison to Industry Standards

• Stock-based compensation and dividend equivalent programs are common practices among publicly traded REITs like Ventas to align director interests with shareholder value.
• Companies such as Welltower (WELL) and Healthpeak Properties (PEAK) also utilize similar compensation structures for their board members.
• The specific amounts and terms of these programs can vary based on company size, performance, and compensation philosophy, but the underlying principle of aligning director incentives with shareholder returns remains consistent.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the company's ongoing commitment to compensating its directors, which indirectly supports good governance.

Key Dates

Keywords

Ventas, Director, Dividend Equivalents, Common Stock Units, Deferral Plan, Equity Award, Beneficial Ownership, Form 4