Healthpeak Properties (DOC) EVP and General Counsel earns performance LTIP awards

Rhea-AI Filing Summary

Healthpeak Properties EVP and General Counsel Tracy A. Porter reported the earning of performance-based LTIP Units tied to prior awards. On January 28, 2026, 11,256 LTIP Units and 36,765 LTIP Units were credited as earned after the Compensation and Human Capital Committee confirmed that performance conditions were satisfied.

The LTIP Units are interests in Healthpeak OP, LLC that can later convert into OP Units and, at the holder’s election, be redeemed for cash equal to one share of common stock or converted into common stock on a one-for-one basis. These LTIP Units vest over multi‑year schedules, subject to Porter’s continued employment.

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^*

Porter Tracy A

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and General Counsel

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		11,256		(1)(2)	(1)	Common Stock	11,256	(1)	11,256	D
LTIP Units	(1)	01/28/2026		A		36,765		(1)(3)	(1)	Common Stock	36,765	(1)	36,765	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 7, 2025 and May 1, 2025. The performance condition applicable to these awards was determined to have been satisfied by the Issuer's Compensation and Human Capital Committee ("Committee") on January 28, 2026 (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 February 7, 2025, subject to the reporting person's continued employment through the applicable vesting date.

3. Represents earned performance-based LTIP Units previously granted to the reporting person on March 3, 2025. The performance condition applicable to the 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-fifth (1/5) increments on each of the second, third, fourth, fifth and sixth anniversaries of March 3, 2025, 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 (DOC) report for Tracy A. Porter?

Healthpeak reported that EVP and General Counsel Tracy A. Porter earned performance-based LTIP Units after meeting pre-set goals. On January 28, 2026, 11,256 and 36,765 LTIP Units were credited, reflecting prior awards whose performance conditions were certified as satisfied.

What are LTIP Units in the Healthpeak Properties (DOC) Form 4 filing?

LTIP Units are a class of membership interests in Healthpeak OP, LLC intended to qualify as profits interests. After achieving required capital account levels and vesting, they can convert into OP Units, which are redeemable for cash or convertible into Healthpeak common stock on a one-for-one basis.

When did the performance conditions for Tracy Porter’s Healthpeak (DOC) LTIP Units get satisfied?

The Compensation and Human Capital Committee determined on January 28, 2026 that performance conditions for Porter’s LTIP Unit awards were satisfied. That Determination Date triggered the earning of the 11,256 and 36,765 LTIP Units reported in this Form 4 insider transaction filing.

How do Tracy Porter’s Healthpeak (DOC) LTIP Units vest over time?

The 11,256 LTIP Units vest in one-third increments on the first, second, and third anniversaries of February 7, 2025. The 36,765 LTIP Units vest in one-fifth increments on the second through sixth anniversaries of March 3, 2025, contingent on continued employment.

At what price were Tracy Porter’s Healthpeak (DOC) LTIP Units granted in this Form 4?

The Form 4 shows the LTIP Unit transactions at a price of $0.00 per unit. These entries reflect the earning of previously granted performance-based awards following satisfaction of conditions, rather than a market purchase, with vesting continuing over future anniversary dates.

What role does Tracy A. Porter hold at Healthpeak Properties (DOC)?

Tracy A. Porter is reported as an officer of Healthpeak Properties, serving as Executive Vice President and General Counsel. The Form 4 details performance-based LTIP Unit awards earned in that capacity, with vesting tied to continued employment across several future anniversary dates.