Shankh Mitra

Chief Executive Officer (CEO) at WELLTOWER

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

Edward Cheung

EVP, International Investments

JFB

John F. Burkart

Vice Chairman & COO

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 Name	Amount	Payment Schedule	Additional 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

Metric	Threshold/Target/High	Notes
Incentive Amount	Threshold: $1,350,000<br>Target: $2,700,000<br>High: $5,400,000	Base incentive targets
Corporate Performance Measures	Normalized 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
Payout	160% 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)

Metric	Benchmark/Weight	Performance Goals	Notes
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 Ratio	20% of performance grant	N/A	Focus 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.