Ventas Appoints New Chief Investment Officer
Ticker: VTR · Form: 8-K · Filed: Mar 4, 2024 · CIK: 740260
| Field | Detail |
|---|---|
| Company | Ventas, Inc. (VTR) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.25 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, real-estate
TL;DR
Ventas names new CIO, Robert Belardi, with a $500K salary + bonus + $1M LTIP + $500K sign-on.
AI Summary
Ventas, Inc. announced on March 4, 2020, the appointment of Robert A. Belardi as Chief Investment Officer. Belardi will receive an annual base salary of $500,000, a target annual bonus of 100% of his base salary, and long-term incentive awards with a target value of $1,000,000. He will also receive a sign-on bonus of $500,000, payable in two installments.
Why It Matters
The appointment of a new Chief Investment Officer is a significant leadership change that could impact the company's investment strategy and future growth.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially in finance and investment roles, can introduce uncertainty regarding future strategy and performance.
Key Numbers
- $500,000 — Annual Base Salary (For new Chief Investment Officer Robert A. Belardi.)
- $1,000,000 — Target Long-Term Incentive Awards (For new Chief Investment Officer Robert A. Belardi.)
- $500,000 — Sign-on Bonus (Awarded to new Chief Investment Officer Robert A. Belardi.)
Key Players & Entities
- Ventas, Inc. (company) — Registrant
- Robert A. Belardi (person) — Appointed Chief Investment Officer
- $500,000 (dollar_amount) — Annual Base Salary for Robert A. Belardi
- 100% (dollar_amount) — Target Annual Bonus for Robert A. Belardi
- $1,000,000 (dollar_amount) — Target Long-Term Incentive Awards for Robert A. Belardi
- $500,000 (dollar_amount) — Sign-on Bonus for Robert A. Belardi
- March 4, 2024 (date) — Date of Report
FAQ
What is Robert A. Belardi's total compensation package?
Robert A. Belardi's compensation includes a $500,000 annual base salary, a target annual bonus of 100% of his base salary, long-term incentive awards with a target value of $1,000,000, and a $500,000 sign-on bonus.
When was Robert A. Belardi appointed as Chief Investment Officer?
Robert A. Belardi was appointed as Chief Investment Officer on March 4, 2024.
What is the target annual bonus percentage for Robert A. Belardi?
The target annual bonus for Robert A. Belardi is 100% of his base salary.
How will the sign-on bonus be paid to Robert A. Belardi?
The $500,000 sign-on bonus will be paid in two installments.
What is Ventas, Inc.'s primary business?
Ventas, Inc. is a real estate investment trust (REIT) operating in the real estate sector.
Filing Stats: 627 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-03-04 08:13:49
Key Financial Figures
- $0.25 — ge on which registered Common stock, $0.25 par value VTR New York Stock Exchan
Filing Documents
- tm247849d2_8k.htm (8-K) — 26KB
- tm247849d2_ex99-1.htm (EX-99.1) — 20KB
- 0001104659-24-030252.txt ( ) — 224KB
- vtr-20240304.xsd (EX-101.SCH) — 3KB
- vtr-20240304_lab.xml (EX-101.LAB) — 33KB
- vtr-20240304_pre.xml (EX-101.PRE) — 22KB
- tm247849d2_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 4, 2024, James D. ("Denny") Shelton advised the Board of Directors (the "Board") of Ventas, Inc. (we," "us," "our," "Company" and other similar terms) that he will not stand for re-election as a director of the Company at the 2024 annual meeting of stockholders (the "2024 Annual Meeting"). Mr. Shelton currently serves as the Company's Lead Independent Director and is a member of the Compensation Committee and the Nominating, Governance and Corporate Responsibility Committee of the Board. Mr. Shelton's decision to pursue retirement follows 16 years of service on the Board and various Board committees and is not the result of any disagreement with the Company on any matter related to the Company's operations, policies, or practices. The Board and the Company are grateful for Mr. Shelton's service and wish him well following his retirement from the Board. The Board has unanimously appointed Roxanne Martino, a director since 2016 and former CEO of Aurora Investment Management, as Lead Independent Director, effective following the 2024 Annual Meeting.
01 Other Events
Item 8.01 Other Events. On March 4, 2024, the Company issued a press release announcing Mr. Shelton's retirement from the Board and Ms. Martino's appointment as Lead Independent Director. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 99.1 Press Release on Director Retirement, dated March 4, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VENTAS, INC. Date: March 4, 2024 By: /s/ Carey S. Roberts Carey S. Roberts Executive Vice President, General Counsel and Ethics and Compliance Officer