Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-29

Welltower INC. (WELL)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$821,090,355
Shankh Mitra total, FY2025
99th
CEO pay percentile vs peers
6,569:1
CEO-to-median pay ratio
18.89%
Say-on-pay support, latest vote
Companies that benchmark against WELL
18 companies name WELL as a compensation peer

Each company listed discloses WELL in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named WELL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Shankh Mitra$1,300,000$0$813,178,818$0$6,500,000$0$111,537$821,090,355
Chief Executive Officer
Nikhil Chaudhri700,0000182,258,59502,800,000051,850185,810,445
Co-President and Chief Investment Officer
Timothy McHugh700,0000163,753,64002,450,000051,500166,955,140
Co-President and Chief Financial Officer
John Burkart650,000097,264,20002,275,000051,500100,240,700
Vice Chairman and Chief Operating Officer
Matthew McQueen625,000090,906,79701,875,000051,50093,458,297
Chief Legal Officer and General Counsel

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Shankh Mitra$821,090,355$20,200,824$17,199,891+800,889,531
Nikhil Chaudhri185,810,445
Timothy McHugh166,955,1407,223,4196,920,305+159,731,721
John Burkart100,240,7006,034,9156,045,441+94,205,785
Matthew McQueen93,458,2974,442,2494,002,650+89,016,048

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Shankh MitraDirector2026-04-30D700$0$0CommonForm 4 ↗
Kenneth J. BaconDirector2026-05-01D2,627Derivative, Class A CommonForm 4 ↗
Kenneth J. BaconDirector2026-05-01A2,62700CommonForm 4 ↗
Dennis G. LopezDirector2026-05-21A6321613,609CommonForm 4 ↗
Shankh MitraDirector2026-05-27D16200CommonForm 4 ↗
Shankh MitraDirector2026-05-31D3,85200CommonForm 4 ↗
Shankh MitraDirector2026-05-31A171732,946CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
John BurkartPSU2025-10-30285,649714,122$47,468,722
Timothy McHughRSU2025-10-30492,74574,581,308
Matthew McQueenPSU2025-10-30271,367678,41645,095,361
Timothy McHughPSU2025-01-029,76340,0089,763144,0287,288,707
Matthew McQueenRSU2025-10-30271,36741,073,793
Shankh MitraPSU2025-01-0232,215132,02332,215475,28224,052,184
Nikhil ChaudhriRSU2025-10-30549,87483,228,287
Nikhil ChaudhriPSU2025-01-0210,25142,00810,251151,2287,653,071
Matthew McQueenPSU2025-01-026,34726,0056,34793,6184,737,643
Nikhil ChaudhriPSU2025-10-30549,8741,374,68691,377,237
John BurkartRSU2025-10-30285,64943,235,499
Timothy McHughPSU2025-10-30492,7451,231,86181,883,625
John BurkartPSU2025-01-028,78736,0088,787129,6286,559,979
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Burkart$43,235,499$54,028,701$055.5%
Timothy McHugh74,581,30889,172,332054.5%
Matthew McQueen41,073,79349,833,004054.8%
Shankh Mitra024,052,1840100.0%
Nikhil Chaudhri83,228,28799,030,308054.3%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Nikhil ChaudhriRSU9,848$1,006,367
Nikhil ChaudhriRSU57,56410,684,454
Nikhil ChaudhriRSU52096,517
Nikhil ChaudhriRSU21,5083,992,100
Matthew McQueenRSU9,8481,006,367
Timothy McHughRSU30,7733,144,693
Shankh MitraRSU2,485,146461,267,949
John BurkartRSU285,64953,019,311
Timothy McHughRSU492,74591,458,399
Shankh MitraRSU217,15840,306,696
Matthew McQueenRSU271,36750,368,429
Shankh MitraRSU193,53535,922,031
Nikhil ChaudhriRSU151,22828,069,429
John BurkartRSU129,62824,060,253
Nikhil ChaudhriRSU549,874102,062,113
Shankh MitraRSU475,28288,217,092
Shankh MitraRSU276,73551,364,783
Nikhil ChaudhriRSU65,66612,188,266
John BurkartRSU60,18011,170,010
John BurkartRSU15,3871,572,398
Timothy McHughRSU6,8941,279,595
John BurkartRSU10,7251,065,422
Matthew McQueenRSU3,349621,608
Nikhil ChaudhriRSU5,029473,631
Nikhil ChaudhriRSU2,517467,180
Matthew McQueenRSU4,278794,040
Shankh MitraRSU22,6474,203,510
Timothy McHughRSU144,02826,733,037
John BurkartRSU2,955548,478
Matthew McQueenRSU93,61817,376,437
Timothy McHughRSU77,18614,326,493
Shankh MitraRSU17,7263,290,123
John BurkartRSU10,9502,393,123
John BurkartRSU7,5491,401,170
Timothy McHughRSU2,064383,099
Nikhil ChaudhriRSU1,970365,652
Timothy McHughRSU131,33224,376,533
John BurkartRSU131,33224,376,533
Timothy McHughRSU75,26413,969,751
John BurkartRSU64,51411,974,444
Matthew McQueenRSU37,5236,964,644
Matthew McQueenRSU36,5566,785,159
Matthew McQueenRSU38,9867,236,191
Shankh MitraRSU61,5466,289,386
Shankh MitraRSU25,4644,726,373
Nikhil ChaudhriRSU20,6143,826,165
Shankh MitraRSU32,1743,196,165
Timothy McHughRSU8,8081,634,853
Timothy McHughRSU4,171414,347
Matthew McQueenRSU1,239229,971
05

Incentive-plan design — the Compensation Discussion & Analysis

Welltower's compensation programs are designed, among other things, to encourage long-term shareholder value creation rather than to maximize short-term shareholder value. Performance is evaluated based on quantitative and qualitative factors and there is a review of not only what is achieved, but also how it is achieved.

CEO STI target (% of salary)250%
CEO LTI target (% of salary)
Independent consultantFPC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-21120,364,416515,585,6501,208,87718.89%Failed
20252025-05-22540,290,90534,635,6101,804,10793.68%Passed
20242024-05-23487,289,12028,659,611896,06494.28%Passed
20232023-05-23226,487,722210,356,346598,32651.78%Passed
20222022-05-23329,458,60658,565,358751,00584.74%Passed
20212021-05-26326,285,18022,639,575651,27793.34%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2118.89%a
20252025-05-2293.68%b
20242024-05-2394.28%c

a. Approved under the standard stated in the filing — “If you elect to abstain on Proposals 2 and 3, the abstention will have the same effect as an "against" vote.”.

b. Approved under the standard stated in the filing — “If you elect to abstain on Proposals 2, 3, and 4 the abstention will have the same effect as an "against" vote.”.

c. Approved under the standard stated in the filing — “If you elect to abstain on Proposals 2, 3, 4, and 5 the abstention will have the same effect as an "against" vote.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)6,569 : 1
CEO total compensation$821,090,355
Median employee compensation$124,995
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Kenneth J. BaconIndependent · Board Chair · Executive (Chair)$445,000$220,133$0$0$0$665,133
Ade J. PattonIndependent · Audit · Compensation · Executive · Nominating/Corporate Governance (Chair)221,500220,133000441,633
Kathryn M. SullivanIndependent · Audit (Chair) · Compensation · Executive209,000220,133000429,133
Sergio D. RiveraIndependent · Compensation · Executive · Investment (Chair)205,000220,133000425,133
Johnese M. SpissoIndependent · Compensation (Chair) · Executive · Nominating/Corporate Governance200,500220,133000420,633
Dennis G. LopezIndependent · Audit · Investment163,000220,133000383,133
Andrew GundlachIndependent · Audit · Investment161,500220,133000381,633
Karen B. DeSalvoIndependent · Investment · Nominating/Corporate Governance158,000220,133000378,133
Shankh MitraEmployee director · Executive00000
09

Board fee structure and ownership guideline

Annual cash retainer$110,000
Annual equity retainer$220,133
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)7,500 / 17,500 / 10,500
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,763,500
Equity awards (grant-date value)$1,761,064
All other compensation$0
Total cost of the board$3,524,564

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Welltower INC. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Welltower INC..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Welltower INC.2025Shankh Mitra$1,300,000$813,178,818$0$6,500,000$821,090,355
2HCA Healthcare, Inc.2025Samuel Hazen1,577,8158,474,5438,514,0905,416,73226,456,606
3CBRE Group, Inc.2025Robert Sulentic1,350,00019,023,32403,638,82424,325,039
4BXP, Inc.2025Owen Thomas950,00019,317,94302,758,90023,047,305
5Equinix, Inc.2025Adaire Fox-Martin1,000,00021,416,9514322,654,885
6Digital Realty Trust, Inc.2025Andrew Power978,84614,174,68403,700,00021,071,498
7Ventas, Inc.2025Debra Cafaro1,162,72012,015,05104,087,30317,501,073
8Realty Income Corporation2025Sumit Roy1,000,0009,149,49604,981,01216,251,931
9Prologis, Inc.2025Daniel Letter795,38512,500,990015,190,625
10American Tower Corporation2025Steven Vondran1,000,00011,528,74802,280,00014,854,505
11Host Hotels & Resorts, Inc.2025James Risoleo1,100,0009,569,88003,697,10014,835,223
12Equity Residential2025Mark Parrell900,0008,023,6681,498,7412,317,61312,759,187
13Simon Property Group, Inc.2025David Simon1,250,0007,000,2610011,663,678
14Healthpeak Properties, Inc.2025Scott Brinker825,0007,208,68801,986,15610,072,994
15Public Storage2025Joseph Russell1,000,0003,982,3712,907,5832,005,8239,909,777
16AvalonBay Communities, Inc.2025Benjamin Schall1,000,0006,319,735482,3651,815,5409,663,500
17The Carlyle Group Inc.2025Harvey Schwartz1,000,0006,000,0007,149,859
18Apollo Global Management, Inc.2025Marc Rowan100,000000913,367

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Welltower INC.200%not disclosedYes — TSR vs FTSE NAREIT Equity Health Care IndexFPC
American Tower Corporation114%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners, LLC
Apollo Global Management, Inc.94%RSU 100not disclosedSemler Brossy Consulting Group, LLC
AvalonBay Communities, Inc.104.8%PSU 100NoFerguson Partners Consulting L.P.
BXP, Inc.117.4%PSU 55 · RSU 45Yes — Relative TSR with aTSR ModifierFW Cook
CBRE Group, Inc.134.8%PSU 34 · RSU 33 · MSU 33Yes — Relative TSRFrederic W. Cook & Co., Inc.
Digital Realty Trust, Inc.378%PSU 60 · LTIP Units 40NoSemler Brossy
Equinix, Inc.99%PSU 67 · RSU 33Yes — rTSRCompensia
Equity Residential114.45%PSU 100Yes — Performance of Company relative to weighted average TSR of companies in the FTSE Nareit Equity Apartments IndexFerguson Partners Consulting
HCA Healthcare, Inc.195.78%SAR 50 · PSU 50NoSemler Brossy
Healthpeak Properties, Inc.127%PSU 60 · RSU 40Yes — 3-Year Relative TSR PerformanceFerguson Partners Consulting
Host Hotels & Resorts, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSRPay Governance
Prologis, Inc.137.5%PSU 100NoPay Governance
Public Storagenot disclosedRSU 60 · Options 40not disclosedFerguson Partners Consulting
Realty Income Corporation199%PSU 75 · RSU 25Yes — TSR ranking relative to MSCI US REIT IndexFPC
Simon Property Group, Inc.49.63%LTIP Units 75 · RSU 25Yes — TSR modifierSemler Brossy
The Carlyle Group Inc.200%not disclosedNoPay Governance
Ventas, Inc.352%PSU 70 · RSU 30Yes — TSR Relative to the Nareit Health Care IndexSemler Brossy

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Shankh MitraDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · page 65. As printed: 821,090,355. Filing ↗machine: t141 · r3 · c12 · span 1124520–1124531
2Section 01, Nikhil ChaudhriDEF 14A2026-04-100000766704-26-000014Section “Summary Compensation Table” · page 65. As printed: 185,810,445. Filing ↗machine: t141 · r11 · c8 · span 1138577–1138588
3Section 01, Timothy McHughDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · page 65. As printed: 166,955,140. Filing ↗machine: t141 · r7 · c12 · span 1131437–1131448
4Section 01, John BurkartDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · page 65. As printed: 100,240,700. Filing ↗machine: t141 · r14 · c12 · span 1143198–1143209
5Section 01, Matthew McQueenDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · page 65. As printed: 93,458,297. Filing ↗machine: t141 · r18 · c12 · span 1150388–1150398
6Section 03, John Burkart PSUDEF 14A2026-04-100000766704-26-000014Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t97 · r5 · c1 · span 789515–789522
7Section 03, Timothy McHugh RSUDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t142 · r5 · c4 · span 1169993–1170003
8Section 03, Matthew McQueen PSUDEF 14A2026-04-100000766704-26-000014Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t97 · r6 · c1 · span 791280–791287
9Section 03, Timothy McHugh PSUDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t142 · r5 · c1 · span 1169522–1169531
10Section 03, Matthew McQueen RSUDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t142 · r8 · c4 · span 1179963–1179973
11Section 03, Shankh Mitra PSUDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t142 · r4 · c1 · span 1166189–1166199
12Section 03, Nikhil Chaudhri RSUDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t142 · r6 · c4 · span 1173320–1173330
13Section 03, Nikhil Chaudhri PSUDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t142 · r6 · c1 · span 1172849–1172858
14Section 03, Matthew McQueen PSUDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t142 · r8 · c1 · span 1179428–1179437
15Section 03, Nikhil Chaudhri PSUDEF 14A2026-04-100000766704-26-000014Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t97 · r4 · c1 · span 787811–787818
16Section 03, John Burkart RSUDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t142 · r7 · c4 · span 1176507–1176517
17Section 03, Timothy McHugh PSUDEF 14A2026-04-100000766704-26-000014Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t97 · r3 · c1 · span 786109–786116
18Section 03, John Burkart PSUDEF 14A2026-04-100000766704-26-000014Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t142 · r7 · c1 · span 1176036–1176045
19Section 07, pay ratioDEF 14A2026-04-100000766704-26-000014Section “CEO Pay Ratio”. As printed: 6569 : 1. Filing ↗machine: span 1633514–1633519
20Section 08, Kenneth J. BaconDEF 14A2026-04-100000766704-26-000014Section “Director Compensation”. As printed: 665,133. Filing ↗machine: t61 · r2 · c6 · span 549189–549196
21Section 08, Ade J. PattonDEF 14A2026-04-100000766704-26-000014Section “Director Compensation”. As printed: 441,633. Filing ↗machine: t61 · r6 · c6 · span 556588–556595
22Section 08, Kathryn M. SullivanDEF 14A2026-04-100000766704-26-000014Section “Director Compensation”. As printed: 429,133. Filing ↗machine: t61 · r9 · c6 · span 562369–562376
23Section 08, Sergio D. RiveraDEF 14A2026-04-100000766704-26-000014Section “Director Compensation”. As printed: 425,133. Filing ↗machine: t61 · r7 · c6 · span 558439–558446
24Section 08, Johnese M. SpissoDEF 14A2026-04-100000766704-26-000014Section “Director Compensation”. As printed: 420,633. Filing ↗machine: t61 · r8 · c6 · span 560291–560298
25Section 08, Dennis G. LopezDEF 14A2026-04-100000766704-26-000014Section “Director Compensation”. As printed: 383,133. Filing ↗machine: t61 · r5 · c6 · span 554740–554747
26Section 08, Andrew GundlachDEF 14A2026-04-100000766704-26-000014Section “Director Compensation”. As printed: 381,633. Filing ↗machine: t61 · r4 · c6 · span 552890–552897
27Section 08, Karen B. DeSalvoDEF 14A2026-04-100000766704-26-000014Section “Director Compensation”. As printed: 378,133. Filing ↗machine: t61 · r3 · c6 · span 551040–551047
28Section 08, Shankh MitraDEF 14A2026-04-100000766704-26-000014Section “Director Compensation”. As printed: 0. Filing ↗
29Section 02, Shankh Mitra 2026-04-30Form 42026-05-010001193125-26-201785Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Kenneth J. Bacon 2026-05-01Form 42026-05-050001193125-26-206637Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Kenneth J. Bacon 2026-05-01Form 42026-05-050001193125-26-206637Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Dennis G. Lopez 2026-05-21Form 42026-05-260001193125-26-239608Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Shankh Mitra 2026-05-27Form 42026-05-270001193125-26-242148Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Shankh Mitra 2026-05-31Form 42026-06-290001193125-26-288714Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Shankh Mitra 2026-05-31Form 42026-06-290001193125-26-288714Insider equity transaction reported since the proxy statement. Filing ↗
36Section 06, 2026 voteForm 8-K2026-05-220001193125-26-237176Item 5.07 · say-on-pay result. As reported: 18.89% (votes for as printed: 120,364,416). Filing ↗
37Section 06, 2025 voteForm 8-K2025-05-230001193125-25-125835Item 5.07 · say-on-pay result. As reported: 93.68% (votes for as printed: 540,290,905). Filing ↗
38Section 06, 2024 voteForm 8-K2024-05-240001193125-24-147022Item 5.07 · say-on-pay result. As reported: 94.28% (votes for as printed: 487,289,120). Filing ↗
39Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
40Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
41Section 09b board cost (computed)ComputedcomputedCash 1,763,500 + equity 1,761,064 + all other 0 = 3,524,564, summed across the director compensation table rows.machine: formula: Σ = 3,524,564
42Welltower INC. (subject), Section 10b CEO totalDEF 14A2026-04-100000766704-26-000014CEO total compensation as printed in Welltower INC.'s own proxy. As printed: 821,090,355. Filing ↗machine: t141 · r3 · c12 · span 1124520–1124531
43HCA Healthcare, Inc., Section 10b CEO totalDEF 14A2026-03-130001193125-26-106142CEO total compensation as printed in HCA Healthcare, Inc.'s own proxy. As printed: 26,456,606. Filing ↗machine: span 784078–784088
44CBRE Group, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-141285CEO total compensation as printed in CBRE Group, Inc.'s own proxy. As printed: 24,325,039. Filing ↗machine: t20 · r6 · c18 · span 508434–508444
45BXP, Inc., Section 10b CEO totalDEF 14A2026-04-100001037540-26-000010CEO total compensation as printed in BXP, Inc.'s own proxy. As printed: 23,047,305. Filing ↗machine: span 1785714–1785724
46Equinix, Inc., Section 10b CEO totalDEF 14A2026-04-020001101239-26-000073CEO total compensation as printed in Equinix, Inc.'s own proxy. As printed: 22,654,885. Filing ↗machine: span 1101160–1101170
47Digital Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-170001308179-26-000296CEO total compensation as printed in Digital Realty Trust, Inc.'s own proxy. As printed: 21,071,498. Filing ↗machine: r2 · c14 · span 644147–644157
48Ventas, Inc., Section 10b CEO totalDEF 14A2026-04-010000740260-26-000010CEO total compensation as printed in Ventas, Inc.'s own proxy. As printed: 17,501,073. Filing ↗machine: r2 · c42 · span 1775799–1775810
49Realty Income Corporation, Section 10b CEO totalDEF 14A2026-03-250000726728-26-000021CEO total compensation as printed in Realty Income Corporation's own proxy. As printed: 16,251,931. Filing ↗machine: r3 · c18 · span 1118130–1118140
50Prologis, Inc., Section 10b CEO totalDEF 14A2026-03-190001193125-26-115132CEO total compensation as printed in Prologis, Inc.'s own proxy. As printed: 15,190,625. Filing ↗machine: span 926776–926786
51American Tower Corporation, Section 10b CEO totalDEF 14A2026-04-080001053507-26-000088CEO total compensation as printed in American Tower Corporation's own proxy. As printed: 14,854,505. Filing ↗machine: span 1362503–1362513
52Host Hotels & Resorts, Inc., Section 10b CEO totalDEF 14A2026-04-080001070750-26-000062CEO total compensation as printed in Host Hotels & Resorts, Inc.'s own proxy. As printed: 14,835,223. Filing ↗machine: r6 · c10 · span 2451418–2451428
53Equity Residential, Section 10b CEO totalDEF 14A2026-04-140001193125-26-155007CEO total compensation as printed in Equity Residential's own proxy. As printed: 12,759,187. Filing ↗machine: t125 · r5 · c25 · span 1751090–1751100
54Simon Property Group, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038320CEO total compensation as printed in Simon Property Group, Inc.'s own proxy. As printed: 11,663,678. Filing ↗machine: t240 · r4 · c17 · span 1804893–1804903
55Healthpeak Properties, Inc., Section 10b CEO totalDEF 14A2026-03-120001104659-26-027086CEO total compensation as printed in Healthpeak Properties, Inc.'s own proxy. As printed: 10,072,994. Filing ↗machine: t197 · r7 · c18 · span 1414974–1414984
56Public Storage, Section 10b CEO totalDEF 14A2026-03-270001193125-26-128991CEO total compensation as printed in Public Storage's own proxy. As printed: 9,909,777. Filing ↗machine: t75 · r4 · c29 · span 2764941–2764950
57AvalonBay Communities, Inc., Section 10b CEO totalDEF 14A2026-04-060001104659-26-039943CEO total compensation as printed in AvalonBay Communities, Inc.'s own proxy. As printed: 9,663,500. Filing ↗machine: t263 · r9 · c18 · span 1661086–1661095
58The Carlyle Group Inc., Section 10b CEO totalDEF 14A2026-04-230001527166-26-000017CEO total compensation as printed in The Carlyle Group Inc.'s own proxy. As printed: 7,149,859. Filing ↗machine: span 1925524–1925533
59Apollo Global Management, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177321CEO total compensation as printed in Apollo Global Management, Inc.'s own proxy. As printed: 913,367. Filing ↗machine: r2 · c21 · span 538543–538550
60Section 10a, Realty Income Corporation reciprocityDEF 14A0000726728-26-000021Realty Income Corporation names Welltower INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, Healthpeak Properties, Inc. reciprocityDEF 14A0001104659-26-027086Healthpeak Properties, Inc. names Welltower INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, Equity Residential reciprocityDEF 14A0001193125-26-155007Equity Residential names Welltower INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
63Section 10a, Ventas, Inc. reciprocityDEF 14A0000740260-26-000010Ventas, Inc. names Welltower INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Apollo Global Management, Inc. reciprocityDEF 14A0001193125-26-177321Apollo Global Management, Inc.'s most recent proxy was read; its disclosed peer group does not include Welltower INC.. Filing ↗
65Section 10a, Prologis, Inc. reciprocityDEF 14A0001193125-26-115132Prologis, Inc. names Welltower INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, HCA Healthcare, Inc. reciprocityDEF 14A0001193125-26-106142HCA Healthcare, Inc.'s most recent proxy was read; its disclosed peer group does not include Welltower INC.. Filing ↗
67Section 10a, Public Storage reciprocityDEF 14A0001193125-26-128991Public Storage names Welltower INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, American Tower Corporation reciprocityDEF 14A0001053507-26-000088American Tower Corporation names Welltower INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, Digital Realty Trust, Inc. reciprocityDEF 14A0001308179-26-000296Digital Realty Trust, Inc. names Welltower INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
70Section 10a, CBRE Group, Inc. reciprocityDEF 14A0001193125-26-141285CBRE Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Welltower INC.. Filing ↗
71Section 10a, The Carlyle Group Inc. reciprocityDEF 14A0001527166-26-000017The Carlyle Group Inc.'s most recent proxy was read; its disclosed peer group does not include Welltower INC.. Filing ↗
72Section 10a, BXP, Inc. reciprocityDEF 14A0001037540-26-000010BXP, Inc.'s most recent proxy was read; its disclosed peer group does not include Welltower INC.. Filing ↗
73Section 10a, Equinix, Inc. reciprocityDEF 14A0001101239-26-000073Equinix, Inc.'s most recent proxy was read; its disclosed peer group does not include Welltower INC.. Filing ↗