Form 4: Healthcare Realty COO Robert Hull Boosts Stake

Healthcare Realty Trust's EVP and COO, Robert E. Hull, acquired restricted common stock and partnership units, while also having shares withheld for tax obligations.

Summary

• Robert E. Hull, EVP and COO of Healthcare Realty Trust Inc. (HR), acquired 33,859 restricted shares of common stock at $17.13 per share on February 9, 2026. These shares will vest in three equal installments on each anniversary of the grant date over a three-year period.
• Hull also acquired 5,959 LTIP Series D Partnership Units at $17.13 per unit on February 9, 2026. These units vest on December 31, 2027, and are convertible into common stock on a one-for-one basis after achieving an equivalent capital account balance.
• Shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of previously granted restricted shares: 5,915 shares at $17.13 on February 9, 2026, and 4,097 shares at $17.36 on February 10, 2026.
• Following these transactions, Hull directly beneficially owns 297,338 shares of common stock and 5,959 partnership units.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting ongoing executive compensation and alignment of interests, without indicating any significant operational or financial shifts for the company.

Positives

• Grant of 33,859 restricted shares of common stock to a key executive, aligning management's interests with shareholders.
• Acquisition of 5,959 LTIP Series D Partnership Units, which are convertible into common stock, further increasing the executive's equity stake and long-term incentive.

Negatives

• Disposition of 10,012 shares (5,915 + 4,097) to cover tax withholding obligations, reducing the executive's direct common stock holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that executive equity grants, such as restricted stock and LTIP units, are standard practice in the REIT sector to incentivize long-term performance and align management interests with those of shareholders. The structure of these grants, including vesting schedules, is typical for executive compensation packages in the healthcare real estate industry.

Related Party Transactions

• The grant of restricted shares and LTIP units to Robert E. Hull, an EVP and COO, constitutes a related party transaction as it involves compensation from the issuer to a key executive.

Stakeholder Impact

• Shareholders: The grant of equity to a key executive aligns management's long-term interests with shareholder value creation. The shares withheld for taxes have a minor dilutive effect on outstanding shares.
• Employees: This filing specifically relates to executive compensation and does not directly impact the broader employee base.

Next Steps

• Restricted shares will vest in three equal installments on each anniversary of the grant date over a three-year period.
• LTIP Series D Units will vest on December 31, 2027.
• Vested LTIP units may be converted into common partnership interests and then into common stock of the Issuer on a one-for-one basis.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation, specifically the grant of restricted stock and LTIP units, and subsequent tax-related share withholdings. While the equity grants align executive interests with shareholders, these transactions are standard and do not provide new information that would significantly alter the company's fundamental outlook or warrant a change in investment recommendation. The filing does not contain operational or financial news that would typically drive a strong buy or sell signal.

Keywords

Healthcare Realty Trust, HR, Robert E. Hull, EVP and COO, Restricted Stock, LTIP Units, Insider Trading, SEC Form 4, Executive Compensation, Equity Grant