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    Shankh Mitra

    Chief Executive Officer (CEO) at Welltower Inc
    Board
    Since October 2020
    Age
    43 years
    Education
    Holds a Bachelor of Arts in Engineering from Jadavpur University and an MBA from Columbia Business School.
    Tenure
    Joined WELL in January 2016 and held various roles including Senior Vice President – Finance & Investments, Senior Vice President – Investments, Chief Investment Officer, and Vice Chair – COO and CIO, culminating in the appointment as CEO in October 2020.

    Also at Welltower Inc

    EC
    Edward Cheung
    EVP, International Investments
    JFB
    John F. Burkart
    Vice Chairman & COO
    JO
    John Olympitis
    EVP, Head of Corporate Development

    About

    The executive is 43 years old and has a strong background in real estate and capital markets, demonstrating deep expertise and leadership.

    Having joined WELL in January 2016 as Senior Vice President – Finance & Investments, he rapidly advanced through multiple roles including Senior Vice President – Investments, Chief Investment Officer, and Vice Chair – COO and CIO before assuming the role of Chief Executive Officer in October 2020.

    Prior to his career at WELL, he gained substantial experience at prominent firms such as Millennium Management, Citadel Investment Group, and Fidelity Investments, which further enriched his proficiency in investment management and financial operations.

    Combining a robust academic background—holding a Bachelor of Arts in Engineering from Jadavpur University and an MBA from Columbia Business School—with rich industry experience, he has effectively driven WELL’s strategic initiatives while also serving as a director at Public Storage.

    $WELL Performance Under Shankh Mitra

    Past Roles

    Organization Role Date Range Details
    Welltower Chief Investment Officer August 2018 - January 2023 Provided extensive experience in real estate operations, investments, and balance sheet management
    Welltower Vice Chair – Chief Operating Officer and Chief Investment Officer April 2020 - October 2020 N/A
    Welltower Senior Vice President – Investments January 2018 - August 2018 N/A
    Welltower Senior Vice President – Finance & Investments January 2016 - January 2018 N/A
    Millennium Management, LLC Portfolio Manager, Real Estate Securities July 2013 - December 2015 N/A
    Citadel Investment Group Senior Analyst April 2012 - June 2013 N/A
    Fidelity Investments Senior Analyst 2009 - 2012 N/A

    External Roles

    Organization Role Date Range Details
    Public Storage Director N/A N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,200,000 Annual 4.3% increase from 2022
    Welltower Contribution to 401(k) Plan$16,500 Annual (per plan guidelines) N/A
    Executive Physical$10,200 Annual N/A

    Performance Compensation

    Data from  FY 2023

    Annual Incentives

    MetricThreshold/Target/HighNotes
    Incentive AmountThreshold: $1,350,000<br>Target: $2,700,000<br>High: $5,400,000 Base incentive targets
    Corporate Performance MeasuresNormalized FFO per Share: $1,620,000<br>Adjusted Fixed Charge Coverage: $810,000<br>ESG Measures: $270,000<br>Individual Performance: $1,620,000 Metrics used in payout determination
    Payout160% of Target; Amount Earned: $4,320,000 Actual results achieved

    Grant Details:

    • Grant Date: February 23, 2023
    • Grant Date Fair Value:
      • Performance-Based Awards: $9,076,185
      • Time-Based RSUs: $2,577,006
    • Vesting Schedule: Time-Based RSUs vest in four equal installments on January 15 of 2024, 2025, 2026, and 2027
    • Evaluation Period: Performance metrics under the 2023-2025 LTIP will be evaluated in early 2026, after the performance period ending December 31, 2025

    Performance Stock Units (PSUs)

    MetricBenchmark/WeightPerformance GoalsNotes
    Relative Total Shareholder Return (TSR)80% of performance grant<br>(40% vs. FTSE Nareit Equity Health Care Index, 40% vs. MSCI US REIT Index) Threshold: 6% below index<br>Target: at index<br>High: 6% above index Aligns compensation with relative market performance
    (Net Debt + Preferred) / Annualized Adjusted EBITDA Ratio20% of performance grant N/AFocus on balance sheet and leverage strategy

    Grant Details & Vesting for PSUs:

    • Grant Date: February 23, 2023
    • Grant Date Fair Value:
      • Performance-Based PSUs: $9,076,185
      • Time-Based RSUs: $2,577,006
    • Grant Date Stock Price Reference: An exercise price of $76.17 was provided for stock options on the same day
    • Vesting: PSUs vest based on performance over the 2023-2025 period, with performance evaluated in early 2026 and settlement in shares

    This detailed breakdown covers the performance compensation components for 2023 including both annual incentives and performance stock units, along with required performance metrics, targets, thresholds, weights, vesting schedules, evaluation periods, and actual payout results.