Ventas, Inc. — Director's Dealing 2021

Feb 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ventas, Inc. (VTR)
CIK: 0000740260
Period of Report: 2021-02-24

Reporting Person: Bulgarelli Peter J. (Pres&CEO-LHS/EVP Office-Ventas)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-24	Common Stock	A	5239	—	Acquired	82465	Direct
2021-02-24	Common Stock	F	2320	$55.92	Disposed	80145	Direct
2021-02-24	Common Stock	F	1642	$55.92	Disposed	78503	Direct

Footnotes

F1: Represents shares of common stock awarded as a result of the Issuer having met certain performance criteria during the three-year performance period from January 1, 2018 through December 31, 2020 (the "Performance Period"), pursuant to the Reporting Person's performance-based restricted stock unit ("pRSU") award agreement granted by Issuer on April 9, 2018 in accordance with the Ventas, Inc. 2012 Incentive Plan (the "Plan"). Such units vested in a single installment at the end of the Performance Period, are payable solely in common stock and subject to the terms and conditions of the Plan and paid out on February 24, 2021.

F2: Represents shares withheld to pay taxes on the vesting of pRSU's granted to Reporting Person on April 9, 2018 under the Plan.

F3: Represents shares withheld to pay taxes on the vesting of restricted stock units granted to Reporting Person on February 24, 2020 under the Plan.