Brinker Scott M 4

What Happened
Scott M. Brinker, President, CEO and a Director of Healthpeak Properties, Inc. (DOC), was awarded a total of 166,200 LTIP Units (derivative interests) on January 28, 2026. The filing shows two award entries: 14,133 LTIP Units that vested in full on the determination date and 152,067 LTIP Units that were earned (performance condition met) but remain subject to time‑based vesting in one‑third increments. No purchase price or cash consideration was reported (transactions coded as A = award/grant).

Key Details

• Transaction date: January 28, 2026; Form 4 filed January 30, 2026 (timely filing).
• Awards: 14,133 LTIP Units (vested in full on Jan 28, 2026) and 152,067 LTIP Units (earned; vest 1/3 on each of the 1st, 2nd and 3rd anniversaries of the Feb 7, 2025 grant, subject to continued employment).
• Price/Value: N/A in the filing (LTIP Units are profits interests; not reported as share purchases or sales).
• Shares/units owned after the transactions: not specified in the summary provided.
• Footnote summary: LTIP Units are profits interests in Healthpeak OP, LLC that can convert into OP Units and are redeemable for cash equal to the fair market value of a share of the issuer’s common stock or, at Healthpeak OP’s option, convertible one‑for‑one into shares. Some units vested immediately (performance + time conditions satisfied); others are earned but subject to future vesting schedule.

Context

• These were awards/derivative grants (compensation), not open‑market buys or sales—typical executive compensation rather than a direct market purchase/sale.
• One tranche vested immediately upon the Committee’s performance determination; the larger tranche has been earned on the performance metric but will vest over time, meaning Brinker cannot access all units immediately unless he remains employed through each vesting date.