Form 4: Healthpeak Director Thomas Reports RSU Vesting, Tax Forfeiture

Healthpeak Properties Director John T. Thomas reported the vesting of restricted stock units and a subsequent forfeiture of shares for tax withholding.

Summary

• John T. Thomas, a Director at HEALTHPEAK PROPERTIES, INC. (DOC), reported changes in his beneficial ownership of common stock.
• On February 6, 2026, Thomas acquired 23,739 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0.
• On February 7, 2026, Thomas disposed of 6,454 shares of common stock at a price of $16.85 per share to satisfy applicable tax withholding obligations related to the vesting of RSUs granted on February 7, 2025.
• Following these transactions, Thomas directly beneficially owns 828,668 shares of common stock and indirectly owns 58 shares through a child.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents the vesting of equity compensation for a director, indicating continued alignment of interests, despite the necessary tax-related share forfeiture.

Positives

• Director John T. Thomas acquired 23,739 shares of common stock through the vesting of restricted stock units, increasing his direct ownership in the company.

Negatives

• 6,454 shares of common stock were forfeited to cover tax withholding obligations, reducing the net shares received from the RSU vesting.

Future Outlook

The filing does not contain forward-looking statements or guidance beyond the vesting schedule of the reported restricted stock units.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as RSU vesting and subsequent tax forfeitures, are common occurrences in publicly traded companies, particularly for directors and executives whose compensation packages often include equity awards. These transactions reflect the standard process of converting equity compensation into shares and managing associated tax liabilities.

Stakeholder Impact

• Shareholders: The transactions represent a routine change in a director's beneficial ownership, which is part of standard executive compensation practices and does not indicate a significant shift in company strategy or performance.
• Director John T. Thomas: The vesting of RSUs increases his direct equity stake in the company, aligning his interests further with shareholders, while the tax forfeiture is a standard part of the compensation process.

Next Steps

• Restricted stock units are scheduled to vest in full on the anniversary of the February 6, 2026 grant date.

Key Dates

Keywords

SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, Stock Vesting, Healthpeak Properties, DOC, Director Stock Ownership