Form 4: Healthpeak Properties EVP and Treasurer Ankit B. Patadia Reports Acquisition of LTIP Units

Ankit B. Patadia, EVP and Treasurer of Healthpeak Properties, reports the acquisition of 10,491 LTIP units on January 30, 2025, convertible into common stock.

Summary

• On January 30, 2025, Ankit B. Patadia, the EVP and Treasurer of Healthpeak Properties, acquired 10,491 LTIP Units.
• These LTIP Units are a class of membership interests in Healthpeak OP, LLC, the operating subsidiary of Healthpeak Properties.
• The LTIP Units are intended to qualify as profits interests for U.S. federal income tax purposes and do not have an expiration date.
• Upon achieving equivalent capital account balance and any applicable vesting conditions, the LTIP Units are convertible into common unit membership interests in Healthpeak OP.
• These OP Units are redeemable for cash equal to the fair market value of one share of Healthpeak Properties' Common Stock or convertible to shares of the Issuer's Common Stock on a one-for-one basis.
• The 10,491 LTIP Units were earned performance-based units previously granted on February 16, 2024.
• The performance condition was satisfied on January 30, 2025.
• These LTIP Units vest in one-third increments on the anniversaries of the grant date, subject to continued employment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of LTIP units by a key executive suggests confidence in the company's future performance. The vesting schedule also indicates a long-term commitment.

Positives

• The acquisition of LTIP units suggests confidence in the company's performance by a key executive.
• The vesting schedule incentivizes continued employment and commitment from the EVP and Treasurer.

Future Outlook

The LTIP Units vest in one-third increments on the anniversaries of the grant date, subject to continued employment, suggesting a long-term incentive structure.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices in publicly traded companies to incentivize and retain key personnel through equity-based compensation.

Comparison to Industry Standards

• Equity compensation, including LTIP units, is a common practice among REITs like Healthpeak Properties to align executive interests with shareholder value.
• Similar companies such as Welltower and Ventas also utilize LTIPs and stock options as part of their executive compensation packages.
• The vesting schedules and conversion terms are generally in line with industry standards for performance-based equity awards.

Stakeholder Impact

• The acquisition of LTIP units by a key executive can positively influence shareholder confidence.
• The vesting schedule incentivizes the executive to remain with the company, benefiting employees and other stakeholders.

Key Dates