Form 4: Healthpeak Properties CFO Acquires LTIP Units Following Performance Milestone Achievement

Healthpeak Properties CFO, Peter A. Scott, reports the acquisition of LTIP Units following the satisfaction of performance conditions, as determined by the Issuer's Compensation and Human Capital Committee.

Summary

• Peter A. Scott, CFO of Healthpeak Properties, reported the acquisition of 28,313 and 54,780 LTIP Units on January 30, 2025.
• These LTIP Units are a class of membership interests in Healthpeak OP, LLC, the operating subsidiary of Healthpeak Properties.
• The acquisition follows the satisfaction of performance conditions determined by the Issuer's Compensation and Human Capital Committee on January 30, 2025.
• The 28,313 LTIP Units represent earned performance-based units previously granted on February 10, 2022, plus accrued dividend equivalent units.
• The 54,780 LTIP Units represent earned performance-based units previously granted on February 16, 2024.
• These 54,780 LTIP Units vest in one-third increments annually, contingent upon continued employment.
• LTIP Units can be converted into common unit membership interests in Healthpeak OP and are redeemable for cash or convertible to shares of Healthpeak Properties' Common Stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects the achievement of performance goals, leading to the vesting of LTIP units for the CFO. This suggests the company is performing well, which is generally viewed favorably.

Positives

• The satisfaction of performance conditions indicates positive performance by the company, leading to the vesting of LTIP Units.
• The vesting of LTIP units incentivizes the CFO to continue to perform well for the company.

Industry Context

This announcement is typical for executive compensation in publicly traded companies, particularly REITs like Healthpeak Properties, where LTIP units are used to align management's interests with those of shareholders and reward performance.

Comparison to Industry Standards

• Many REITs use LTIP units as part of their executive compensation packages.
• The vesting schedules and performance metrics associated with these units are generally aligned with industry best practices to incentivize long-term value creation.
• Companies like Welltower and Ventas, which are also major players in the healthcare REIT space, utilize similar compensation structures.

Stakeholder Impact

• Shareholders may view the vesting of LTIP units positively, as it indicates that the company is achieving its performance goals.
• Employees may be motivated by the fact that executives are being rewarded for their performance.

Key Dates