Board Justification

The philosophy underlying Welltower’s executive compensation program is that we should provide highly competitive pay for achieving rigorous performance goals and market leading results. The objective is to attract and retain the caliber of executive officers and other key employees necessary for Welltower to deliver sustained high performance to its shareholders.

Board Justification

Annual incentives reward our executives for achieving prescribed performance objectives tied to our annual business plan and individual performance objectives. A range of earning opportunities is established for each executive at the beginning of the performance period, expressed as percentages of base salary and corresponding to three levels of performance (threshold, target, and high) on different performance metrics or categories.

Board Justification

Other compensation includes Welltower Contribution to 401(k) Plan, Car Allowance, Executive Wellness Reimbursement, and Executive Physical.

Board Justification

The number and market or payout value of the performance stock units under the 2022-2024 LTIP (which were converted into performance-based Welltower OP LLC LTIP Units) are based on performance results as of December 31, 2024. These LTIP Units vested on February 18, 2025.