Healthpeak Properties (NYSE: DOC) CEO granted performance-based LTIP Units

Rhea-AI Filing Summary

Healthpeak Properties, Inc. reported that its President and CEO, Scott M. Brinker, received performance-based long-term incentive awards in the form of LTIP Units in Healthpeak OP, LLC, the company’s operating subsidiary. On January 28, 2026, he was credited with 14,133 earned LTIP Units from a February 15, 2023 grant that fully vested on that date, and 152,067 earned LTIP Units from a February 7, 2025 grant that will vest in three equal annual installments, subject to continued employment. These LTIP Units are profits interests that have no expiration date and can ultimately be converted into OP Units and then, at the holder’s or subsidiary’s election, into cash equal to the value of, or shares of, Healthpeak common stock on a one-for-one basis.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brinker Scott M

(Last) (First) (Middle)

4600 SOUTH SYRACUSE STREET

SUITE 500

(Street)

DENVER CO 80237

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HEALTHPEAK PROPERTIES, INC. [ DOC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units	(1)	01/28/2026		A		14,133		(1)(2)	(1)	Common Stock	14,133	(1)	14,133	D
LTIP Units	(1)	01/28/2026		A		152,067		(1)(3)	(1)	Common Stock	152,067	(1)	152,067	D

Explanation of Responses:

1. Represents a class of units of membership interests in Healthpeak OP, LLC, a Maryland limited liability company ("Healthpeak OP"), the operating subsidiary of the Issuer, designated as LTIP Units ("LTIP Units") intended to qualify as profits interests for U.S. federal income tax purposes. LTIP Units do not have an expiration date. Upon achieving equivalent capital account balance per unit and any applicable vesting conditions, the LTIP Units are convertible at the election of the holder into common unit membership interests in Healthpeak OP (the "OP Units"). The OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Common Stock or, at the option of Healthpeak OP, convertible to shares of the Issuer's Common Stock on a one-for-one basis, and have no expiration date.

2. Represents earned performance-based LTIP Units previously granted to the reporting person on February 15, 2023. The performance conditions applicable to the performance-based LTIP Units were determined to have been satisfied by the Issuer's Compensation and Human Capital Committee (the "Committee") on January 28, 2026 (the "Determination Date"), resulting in the earned LTIP Units shown vesting in full on the Determination Date.

3. Represents earned performance-based LTIP Units previously granted to the reporting person on February 7, 2025. The performance condition applicable to this award was determined to have been satisfied by the Committee on the Determination Date, resulting in the LTIP Units shown being earned. These LTIP Units vest in one-third (1/3) increments on each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued employment through the applicable vesting date.

Remarks:

	Carol Samaan, SVP, Legal (Attorney-In-Fact)	01/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did HEALTHPEAK PROPERTIES, INC. (DOC) report for its CEO?

HEALTHPEAK PROPERTIES, INC. reported that President and CEO Scott M. Brinker received performance-based LTIP Units on January 28, 2026. He was credited with 14,133 earned LTIP Units from a 2023 grant and 152,067 earned LTIP Units from a 2025 grant, both at no purchase price.

What are the LTIP Units granted to the Healthpeak (DOC) CEO and how do they work?

The LTIP Units are a class of membership interests in Healthpeak OP, LLC intended to qualify as profits interests. They have no expiration date and can convert into OP Units, which are redeemable for cash equal to one share of common stock or convertible into one share of Healthpeak common stock.

How many LTIP Units did the Healthpeak (DOC) CEO earn from the 2023 award?

From the February 15, 2023 performance-based award, the CEO earned 14,133 LTIP Units. The Compensation and Human Capital Committee determined the performance conditions were satisfied on January 28, 2026, and those earned LTIP Units vested in full on that determination date, increasing his long-term incentive holdings.

What is the vesting schedule for the 2025 LTIP Units awarded to Healthpeak (DOC) CEO?

The 152,067 LTIP Units tied to the February 7, 2025 grant were earned when performance conditions were met on January 28, 2026. These earned units vest in one-third increments on each of the first, second and third anniversaries of the grant date, subject to continued employment.

Do the LTIP Units reported for Healthpeak (DOC) CEO have an expiration date?

The LTIP Units do not have an expiration date. After achieving equivalent capital account balances per unit and meeting any vesting conditions, they may be converted into OP Units, which themselves can be redeemed for cash or converted into Healthpeak common stock on a one-for-one basis.

Were the LTIP Units acquired by the Healthpeak (DOC) CEO purchased for cash?

No, the LTIP Units were not purchased for cash. The Form 4 shows acquisition transactions coded “A” with a price per unit of 0.0000, reflecting earned performance-based long-term incentive compensation rather than open-market purchases by the President and CEO.