Ventas Director Maurice S. Smith Acquires 164.6 Shares via Fee Deferral and Dividend Equivalents

Executive Summary

On October 15, 2026, Maurice S. Smith, a Director of Ventas, Inc. ($VTR), reported the acquisition of 164.639 shares (in the form of common stock units) valued at approximately $13,953.20 across transactions dated October 13 and October 15, 2026.

Key Transaction Details

1. Director Fee Deferral (October 13, 2026):

   • Shares Acquired: 17.889 units
   • Price: $83.85 per share
   • Nature: Issued in lieu of director cash fees under the Non-Employee Directors' Cash Compensation Deferral Plan.

2. Dividend Equivalents Credited (October 15, 2026):

   • Tranche 1: 66.105 units at $84.86 per share under the Cash Compensation Deferral Plan.
   • Tranche 2: 80.645 units at $84.86 per share under the Non-Employee Directors' Equity Award Deferral Program.
   • Nature: Result of quarterly dividend equivalents credited in connection with the regular common stock dividend.

Post-Transaction Holdings

Following these transactions, Mr. Smith beneficially owns 31,972.059 shares of Ventas, Inc. common stock directly (including deferred stock units payable in stock).

Market & Strategic Context

These transactions represent standard corporate governance and director compensation mechanisms, specifically the automatic reinvestment of dividends and deferral of board retainer fees into stock units. Because they reflect programmatic administrative crediting rather than discretionary open-market purchases, they carry Low market significance.