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Welltower Executive Compensation (FY25)

WELL · Toledo, OH · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
334 figures on this page: 323 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Shankh Mitra was paid $821,090,355 in total compensation as Chief Executive Officer for fiscal 2025, and compared with the $20,200,824 reported for fiscal 2024, Mitra's total was up. For fiscal 2025, the company reported a chief executive pay ratio of 6,569:1, against median employee compensation of $124,995. Shareholders recorded 18.9% support for the say-on-pay proposal at the meeting held May 21, 2026 for fiscal 2025. The disclosed peer group names American Tower Corporation, Apollo Global Management, Inc., AvalonBay Communities, Inc., BXP, Inc. and CBRE Group, Inc., among others.
Chief executive, fiscal 2025
◇
Shankh Mitra
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Shankh Mitra: $20,200,824 → $821,090,355
CEO pay ratio: 168:1 → 6,569:1

Frequently asked questions

Answers drawn from the data on this page.
Who is Welltower's chief executive and what were they paid?
Shankh Mitra was paid $821,090,355 in total compensation as Chief Executive Officer for fiscal 2025. Compared with the $20,200,824 reported for fiscal 2024, Mitra's total was up.
What was Welltower's say-on-pay result?
Shareholders recorded 18.9% support for the say-on-pay proposal at the meeting held May 21, 2026 for fiscal 2025.
Which companies are in Welltower's peer group?
The disclosed peer group names American Tower Corporation, Apollo Global Management, Inc., AvalonBay Communities, Inc., BXP, Inc. and CBRE Group, Inc., among others.
What is Welltower's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 6,569:1, against median employee compensation of $124,995.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Shankh Mitra
Chief Executive Officer Chief Executive Officer
◇—◇◇◇—◇◇
Timothy McHugh
Co-President and Chief Financial Officer Co-President and Chief Financial Officer
◇—◇◇◇—◇◇
John Burkart
Vice Chairman and Chief Operating Officer Vice Chairman and Chief Operating Officer
◇—◇◇◇—◇◇
Matthew McQueen
Chief Legal Officer and General Counsel Chief Legal Officer and General Counsel
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Shankh Mitra
Chief Executive Officer Chief Executive Officer
◇—◇—◇—◇◇
Timothy McHugh
Co-President and Chief Financial Officer Co-President and Chief Financial Officer
◇—◇—◇—◇◇
John Burkart
Vice Chairman and Chief Operating Officer Vice Chairman and Chief Operating Officer
◇—◇◇◇—◇◇
Matthew McQueen
Chief Legal Officer and General Counsel Chief Legal Officer and General Counsel
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Shankh Mitra
Chief Executive Officer
◇—◇—◇—◇◇
Timothy McHugh
Co-President & CFO
◇—◇—◇—◇◇
John Burkart
Vice Chairman and Chief Operating Officer
◇—◇—◇—◇◇
Matthew McQueen
Chief Legal Officer and General Counsel
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Shankh Mitra
Chief Executive Officer
◇—◇—◇—◇◇
Nikhil Chaudhri
Co-President and Chief Investment Officer
◇—◇—◇—◇◇
Timothy McHugh
Co-President and Chief Financial Officer
◇—◇—◇—◇◇
John Burkart
Vice Chairman and Chief Operating Officer
◇—◇—◇—◇◇
Matthew McQueen
Chief Legal Officer and General Counsel
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
John F. BurkartPSU◇◇◇◇◇—◇
John F. BurkartRSU◇——◇——◇
John F. BurkartPSU◇—◇—◇—◇
Matthew G. McQueenPSU◇◇◇◇◇—◇
Matthew G. McQueenRSU◇——◇——◇
Matthew G. McQueenPSU◇—◇—◇—◇
Nikhil ChaudhriPSU◇—◇—◇—◇
Nikhil ChaudhriPSU◇◇◇◇◇—◇
Nikhil ChaudhriRSU◇——◇——◇
Shankh MitraPSU◇◇◇◇◇—◇
Timothy G. McHughPSU◇—◇—◇—◇
Timothy G. McHughPSU◇◇◇◇◇—◇
Timothy G. McHughRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Matthew McQueenRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Timothy McHughRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Shankh MitraRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Nikhil ChaudhriRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John BurkartRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Matthew McQueen
Chief Legal Officer and General Counsel · Terms as described in the company’s compensation discussion · citing a 2023 filing
Benefits continuation on change in control◇
Benefits continuation◇
Timothy McHugh
Co-President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2023 filing
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth J. Bacon
Board chair
◇◇————◇
Ade J. Patton
◇◇————◇
Kathryn M. Sullivan
◇◇————◇
Sergio D. Rivera
◇◇————◇
Johnese M. Spisso
◇◇————◇
Dennis G. Lopez
◇◇————◇
Andrew Gundlach
◇◇————◇
Karen B. DeSalvo
◇◇————◇
Shankh Mitra served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Board meeting fee◇
Committee meeting fee◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Tower Corporation AMT
  • Apollo Global Management, Inc. APO
  • AvalonBay Communities, Inc. AVB
  • BXP, Inc. BXP
  • CBRE Group, Inc. CBRE
  • Digital Realty Trust, Inc. DLR
  • Equinix, Inc. EQIX
  • Equity Residential EQR
  • HCA Healthcare, Inc. HCA
  • Healthpeak Properties, Inc. DOC
  • Host Hotels & Resorts, Inc. HST
  • Prologis, Inc. PLD
  • Public Storage PSA
  • Realty Income Corporation O
  • Simon Property Group, Inc. SPG
  • The Carlyle Group Inc. CG
  • Ventas, Inc. VTR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 23, 2023=◇◇◇
2021May 23, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019April 30, 2020=◇◇◇
2018May 2, 2019=◇◇◇
2017May 3, 2018=◇◇◇
2016May 4, 2017=◇◇◇
2015May 5, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Welltower disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Welltower sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Say-on-pay responsiveness
Welltower recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
334 figures on this page: 323 cited to the filing that reported them, 11 calculated from figures it prints.
323 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-237176
  2. 0000766704-26-000014
    2025 Director Compensation Table · 2025 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END TABLE · Director Compensation · Grants of Plan-Based Awards Table · and 4 more sections
  3. 0001193125-25-125835
  4. 0000766704-25-000013
    SUMMARY COMPENSATION TABLE
  5. 0001193125-24-147022
  6. 0000766704-24-000015
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  7. 0001193125-23-152932
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-098475
    Compensation Discussion and Analysis · SUMMARY COMPENSATION TABLE
  9. 0001193125-22-158781
  10. 0001193125-21-175522
  11. 0001193125-20-132384
  12. 0001193125-19-137660
  13. 0001193125-18-152879
  14. 0001193125-17-160893
  15. 0001193125-16-585687
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Welltower executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/WELL (accessed 2026).
Short form: data: Velarion
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Welltower discloses

The companies named in WELL's own disclosed peer group.

American Tower CorporationApollo Global Management, Inc.AvalonBay Communities, Inc.BXP, Inc.CBRE Group, Inc.Digital Realty Trust, Inc.Equinix, Inc.Equity ResidentialHealthpeak Properties, Inc.Host Hotels & Resorts, Inc.Prologis, Inc.Public StorageRealty Income CorporationSimon Property Group, Inc.The Carlyle Group Inc.Ventas, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy