Scott M. Brinker - Feb 2, 2023 Form 4 Insider Report for HEALTHPEAK PROPERTIES, INC. (PEAK)

Role
President and CEO, Director
Signature
Scott A. Graziano, SVP, Legal (Attorney-In-Fact)
Stock symbol
PEAK
Transactions as of
Feb 2, 2023
Transactions value $
-$548,562
Form type
4
Date filed
2/6/2023, 06:10 PM
Previous filing
Mar 2, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEAK Common Stock Award $0 +37K +15.56% $0.00 275K Feb 2, 2023 Direct F1, F2
transaction PEAK Common Stock Award $0 +34.2K +12.45% $0.00 309K Feb 2, 2023 Direct F2, F3
transaction PEAK Common Stock Award $0 +6.17K +2% $0.00 315K Feb 2, 2023 Direct F2, F3
transaction PEAK Common Stock Tax liability -$549K -19.4K -6.16% $28.24 296K Feb 3, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance-based restricted stock units previously granted to the reporting person by the Company on February 10, 2022. The performance conditions applicable to the award were determined to have been satisfied by the Company's Compensation and Human Capital Committee (the "Compensation Committee") on February 2, 2023 (the "Determination Date"), resulting in one-third (1/3) of the shares subject to the award vesting on each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued employment with the Company through the applicable vesting date.
F2 Each restricted stock unit represents the right to receive one share of common stock, subject to the applicable vesting schedule.
F3 Represents the number of performance-based restricted stock units previously granted to the reporting person by the Company on February 14, 2020. The performance conditions applicable to the award were determined to have been satisfied by the Company's Compensation Committee on the Determination Date, resulting in the award vesting in full on the Determination Date.
F4 This forfeiture of shares to satisfy applicable tax withholding does not constitute a sale transaction. Pursuant to the award agreement, shares are required to be forfeited to satisfy applicable tax withholding in connection with the vesting of restricted stock units granted on February 14, 2020.