Form 4: Ventas Inc. Executive Peter J. Bulgarelli Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President of Ventas, Inc., Peter J. Bulgarelli, reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On February 1, 2025, Peter J. Bulgarelli, EVP of Operations, Medical & Research at Ventas, Inc., had shares of common stock withheld to cover tax obligations.
- These shares were related to the vesting of restricted stock units granted on January 4, 2022, January 23, 2023 and January 2, 2024 under the Ventas, Inc. incentive plans.
- A total of 2,238, 2,340 and 2,346 shares were withheld at a price of $60.42 per share.
- Following these transactions, Bulgarelli directly owns 98,437 shares of Ventas, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine executive compensation. It doesn't indicate positive or negative sentiment regarding the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Ventas, Inc. in the REIT sector.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units, are common across the REIT industry.
- Companies like Welltower (WELL) and Healthpeak Properties (PEAK) also utilize similar equity-based compensation plans for their executives.
- The vesting schedules and tax withholding practices are generally consistent with industry norms.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it relates to tax obligations on existing equity grants.
- The filing provides transparency regarding executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| January 4, 2022 | Date of restricted stock units grant under the Ventas, Inc. 2012 Incentive Plan related to the withholding of 2,238 shares. |
| January 23, 2023 | Date of restricted stock units grant under the Ventas, Inc. 2022 Incentive Plan related to the withholding of 2,340 shares. |
| January 2, 2024 | Date of restricted stock units grant under the Ventas, Inc. 2022 Incentive Plan related to the withholding of 2,346 shares. |
| February 1, 2025 | Date of transaction: Shares withheld for taxes on vesting restricted stock units. |
| February 3, 2025 | Date of Form 4 filing. |
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