Lisa A. Alonso - 01 Feb 2024 Form 4 Insider Report for HEALTHPEAK PROPERTIES, INC. (DOC)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PEAK	Common Stock	Award	$0	+2,919	+20%	$0.000000	17,352	01 Feb 2024	Direct	F1, F2
transaction	PEAK	Common Stock	Award	$0	+409	+2.4%	$0.000000	17,761	01 Feb 2024	Direct	F3
transaction	PEAK	Common Stock	Tax liability	$4,272	-227	-1.3%	$18.82	17,534	02 Feb 2024	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Represents performance-based restricted stock units previously granted to the reporting person by the Issuer on February 15, 2023. The performance condition applicable to the award was determined to have been satisfied by the Issuer's Compensation and Human Capital Committee (the "Committee") on February 1, 2024 (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 Issuer 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 Issuer on February 12, 2021. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's 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 12, 2021.