Moses Kelvin O 4

What Happened
Moses Kelvin O, Chief Financial Officer of Healthpeak Properties, received two grants of performance-based LTIP Units (derivative awards) that were determined to be earned on January 28, 2026. The awards total 70,227 LTIP Units (33,462 and 36,765). No cash price per unit or immediate shares were issued in this filing — these are derivative membership interests that may convert to OP Units and ultimately to common stock or cash at a later date.

Key Details

• Transaction date: January 28, 2026 (reported on Form 4 filed Jan 30, 2026). Filing appears timely.
• Awards: 33,462 LTIP Units (footnote F2) and 36,765 LTIP Units (footnote F3) — total 70,227 LTIP Units. Reported as "A" (award/grant).
• Price/value: N/A in the filing (derivative units; no per-share cash price reported).
• Vesting/convertibility: F2 units were originally granted Feb 7, 2025 and May 1, 2025 and vest in one-third increments on the 1st, 2nd and 3rd anniversaries of Feb 7, 2025 (subject to continued employment). F3 units were originally granted Mar 3, 2025 and vest in one-fifth increments on the 2nd–6th anniversaries of Mar 3, 2025 (subject to continued employment). Per F1, LTIP Units are profits-interest membership units in Healthpeak OP that can convert to OP Units and are redeemable for cash equal to the fair market value of one share of Healthpeak common stock or may be converted one-for-one into shares.
• Shares owned after transaction: not disclosed in this Form 4.
• Filing timeliness: Reported two days after the determination date (filed Jan 30 for Jan 28 transaction); no late filing indication in the document.

Context: These are earned, performance-based equity awards (not open-market purchases or sales). They do not represent immediate common-stock ownership; conversion and final economic value depend on vesting, conversion elections, and future actions by Healthpeak OP.