| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PEAK | LTIP Units | Award | +26.9K | 26.9K | Feb 1, 2024 | Common Stock | 26.9K | Direct | F1, F2 | ||||
| transaction | PEAK | LTIP Units | Award | +3.88K | 3.88K | Feb 1, 2024 | Common Stock | 3.88K | Direct | F1, F3 |
| Id | Content |
|---|---|
| F1 | Represents a class of units of membership interests in Healthpeak OP, LLC, a Maryland limited liability company ("Healthpeak OP"), the operating subsidiary of the Issuer, designated as LTIP Units ("LTIP Units") intended to qualify as profits interests for U.S. federal income tax purposes. LTIP Units do not have an expiration date. Upon achieving equivalent capital account balance per unit and any applicable vesting conditions, the LTIP Units are convertible at the election of the holder into common unit membership interests in Healthpeak OP (the "OP Units"). The OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Common Stock or, at the option of Healthpeak OP, convertible to shares of the Issuer's Common Stock on a one-for-one basis, and have no expiration date. |
| F2 | Represents earned performance-based LTIP Units previously granted to the reporting person on February 15, 2023. The performance conditions applicable to this award was determined to have been satisfied by the Company's Compensation and Human Capital Committee (the "Committee") on February 1, 2024 (the "Determination Date"), resulting in the LTIP Units shown being earned. These LTIP Units vest in one-third (1/3) increments on each of the first, second and third anniversaries of the original grant date, subject to the reporting person's continued employment with the Company through the applicable vesting date. |
| F3 | Represents earned performance-based LTIP Units previously granted to the reporting person on February 12, 2021 as performance-based restricted stock units (which award was cancelled and replaced with LTIP Units on February 15, 2023), plus an additional number of accrued but unpaid dividend equivalent LTIP Units on the earned performance-based LTIP Units. The performance conditions applicable to the performance-based LTIP Units and corresponding dividend equivalent LTIP Units were determined to have been satisfied by the Committee on the Determination Date, resulting in the earned LTIP Units shown vesting in full on the Determination Date. |
Exhibit List: Exhibit 24 - Power of Attorney