Brinker Scott M 4
Research Summary
AI-generated summary
Healthpeak (DOC) CEO Scott Brinker Acquires ESPP Shares
What Happened Scott M. Brinker, President, CEO and a director of Healthpeak Properties, acquired 1,347 shares under the company's Employee Stock Purchase Plan (ESPP) on 2026-05-29 at $15.46 per share, for a total cost of $20,827. In connection with that acquisition, 114 shares were forfeited to satisfy applicable tax withholding obligations (reported as a disposition at $19.15/share, $2,183) — this forfeiture is not a market sale.
Key Details
- Transaction date: 2026-05-29; Form 4 filed: 2026-06-02.
- Acquisition: 1,347 shares @ $15.46 = $20,827 (ESPP purchase).
- Tax withholding/forfeiture: 114 shares @ $19.15 = $2,183 (forfeited to satisfy withholding; not a sale).
- Footnotes: Shares were purchased via the Issuer's ESPP; forfeiture to cover taxes is required under the ESPP and does not constitute a sale.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Timeliness: filing shows the Form 4 was submitted on 2026-06-02 for a 2026-05-29 transaction (no late-filing flag noted in the excerpt).
Context
- This was an ESPP purchase (employee purchase), not an option exercise or open-market sale. The forfeiture to cover taxes is a routine administrative step under many ESPPs and should not be interpreted as an open-market sell. Purchases by executives are often considered more informative than sales, but this is a modest-sized ESPP acquisition ($~20.8k) and is routine compensation-related activity.