Healthpeak Properties (DOC) CFO granted performance-based LTIP units with staged vesting

Rhea-AI Filing Summary

HEALTHPEAK PROPERTIES, INC. Chief Financial Officer Moses Kelvin O reported awards of performance-based LTIP Units in the operating partnership, Healthpeak OP, LLC. On January 28, 2026, 33,462 LTIP Units previously granted on February 7 and May 1, 2025 were earned after the compensation committee confirmed performance conditions were met.

These LTIP Units vest in one-third increments on each of the first three anniversaries of February 7, 2025, subject to continued employment. A separate block of 36,765 performance-based LTIP Units granted on March 3, 2025 was also earned, vesting in one-fifth increments on each of the second through sixth anniversaries of that grant date. LTIP Units are convertible into OP Units and ultimately into or redeemable for common stock on a one-for-one basis, with no expiration date.

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

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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^*

Moses Kelvin O

(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)
	Chief Financial Officer

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		33,462		(1)(2)	(1)	Common Stock	33,462	(1)	33,462	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.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did HEALTHPEAK PROPERTIES (DOC) report on this Form 4?

The filing reports performance-based LTIP Unit awards for Chief Financial Officer Moses Kelvin O. On January 28, 2026, 33,462 LTIP Units from 2025 grants and 36,765 LTIP Units from a March 3, 2025 grant were earned after performance goals were confirmed met.

Who is the reporting person in this HEALTHPEAK PROPERTIES (DOC) Form 4 filing?

The reporting person is Moses Kelvin O, Chief Financial Officer of Healthpeak Properties, Inc. The filing indicates he is an officer, not a director or 10% owner, and that these LTIP Unit awards are held directly, rather than through an indirect ownership vehicle or entity.

How do the LTIP Units in this HEALTHPEAK PROPERTIES (DOC) filing work?

The LTIP Units are a class of membership interests in Healthpeak OP, LLC intended to qualify as profits interests. After meeting capital account and vesting conditions, they can convert into OP Units, which are redeemable for cash equal to one share of common stock or convertible into common stock one-for-one.

What are the vesting terms for the 33,462 LTIP Units reported for DOC?

The 33,462 LTIP Units were originally granted on February 7, 2025 and May 1, 2025. After the committee confirmed performance on January 28, 2026, these units became earned and now vest in one-third increments on the first, second, and third anniversaries of February 7, 2025, contingent on continued employment.

What are the vesting terms for the 36,765 LTIP Units in the DOC Form 4?

The 36,765 LTIP Units relate to a performance-based award granted March 3, 2025. After performance was confirmed on January 28, 2026, these units became earned and vest in one-fifth increments on the second through sixth anniversaries of March 3, 2025, assuming the executive remains employed.

Do the LTIP Units reported by HEALTHPEAK PROPERTIES (DOC) have an expiration date?

The LTIP Units have no expiration date. Once capital account and vesting conditions are satisfied, they may be converted into OP Units, which can then be redeemed for cash equal to the fair market value of one share of common stock or converted into common stock on a one-for-one basis.