Form 4: Healthpeak Properties Executive Lisa Alonso Reports Stock Transactions Following Vesting of Restricted Stock Units

Executive Vice President and Chief HR Officer of Healthpeak Properties, Lisa Alonso, reports the vesting of performance-based restricted stock units and subsequent tax withholding forfeiture.

Summary

• Lisa Alonso, EVP and Chief HR Officer at Healthpeak Properties, reported transactions related to the vesting of performance-based restricted stock units.
• On January 30, 2025, 4,431 restricted stock units granted on February 16, 2024, vested, with one-third vesting on each of the first, second, and third anniversaries of the grant date.
• An additional 2,517 restricted stock units granted on February 10, 2022, vested in full on January 30, 2025.
• On January 31, 2025, 1,480 shares were forfeited to cover tax withholding obligations related to the vesting of the 2022 grant, at a price of $20.51 per share.
• Following these transactions, Ms. Alonso beneficially owns 21,594 shares of Healthpeak Properties common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative events. The vesting of stock units is a positive for the executive, but the forfeiture for taxes is a neutral event.

Positives

• The vesting of performance-based restricted stock units indicates that performance goals were met.
• The vesting of the restricted stock units is a form of compensation for the executive.

Negatives

• The forfeiture of 1,480 shares to cover tax obligations reduces the total number of shares beneficially owned by the executive.

Risks

• The value of the shares is subject to market fluctuations, which could impact the overall value of the executive's holdings.
• Future vesting of restricted stock units is contingent on continued employment with the company.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the real estate investment trust (REIT) industry. It reflects the standard practice of using equity-based compensation to align executive interests with shareholder value.

Comparison to Industry Standards

• The use of restricted stock units as part of executive compensation is a common practice among publicly traded companies, including REITs like Healthpeak Properties.
• The vesting schedules and performance conditions are typical for such awards, designed to incentivize long-term performance and retention.
• Companies like Welltower Inc. and Ventas Inc., also in the healthcare REIT sector, often use similar equity-based compensation structures for their executives.

Stakeholder Impact

• The vesting of restricted stock units has a minor dilutive effect on existing shareholders.
• The forfeiture of shares for tax withholding has a neutral impact on shareholders.

Key Dates

Keywords

restricted stock units, vesting, performance-based, stock forfeiture, insider trading, executive compensation, Form 4, Healthpeak Properties