Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-04

Healthpeak Properties (PEAK)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,201,812
Tracy Porter total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
89.24%
Say-on-pay support, latest vote
Companies that benchmark against PEAK
No companies currently name PEAK as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Tracy Porter$425,000$0$1,203,801$0$534,261$0$38,750$2,201,812
Executive Vice President and General Counsel

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Tracy Porter$2,201,812

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Tracy PorterPSU2025-05-01$49,247
Scott R. BohnRSU2025-02-0728,200514,086
Tracy PorterPSU2025-02-07279,131
Peter A. ScottPSU2025-02-071,380,911
Tracy PorterRSU2025-03-0336,765670,226
Thomas M. KlaritchPSU2025-02-11781,096
Thomas M. KlaritchRSU2025-02-1126,775488,108
Kelvin O. MosesPSU2025-02-07352,590
Kelvin O. MosesRSU2025-02-0712,087220,346
Adam G. MabryRSU2025-02-0728,200514,086
Tracy PorterRSU2025-02-079,567174,406
Tracy PorterRSU2025-05-011,68930,790
Peter A. ScottRSU2025-02-0747,334862,899
Scott M. BrinkerPSU2025-02-074,436,506
Scott R. BohnPSU2025-02-07822,696
Scott M. BrinkerRSU2025-02-07152,0672,772,181
Adam G. MabryPSU2025-05-0198,479
Adam G. MabryPSU2025-02-07822,696
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Tracy Porter$875,422$328,378$027.3%
Scott R. Bohn514,086822,696061.5%
Peter A. Scott862,8991,380,911061.5%
Thomas M. Klaritch488,108781,096061.5%
Kelvin O. Moses220,346352,590061.5%
Adam G. Mabry514,086921,175064.2%
Scott M. Brinker2,772,1814,436,506061.5%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-30522,635,66463,010,8651,564,46489.24%Passed
20252025-04-24548,245,66740,110,6501,127,06193.18%Passed
20242024-04-25548,270,77638,235,408873,57293.48%Passed
20232023-04-27420,443,63635,511,5101,937,18492.21%Passed
20222022-04-28420,740,03534,578,608552,09692.41%Passed
20212021-04-28411,018,30753,584,864911,45088.47%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-3089.24%a
20252025-04-2493.18%b
20242024-04-2593.48%c

a. Approved under the standard stated in the filing — “Item ​ ​ ​ Description ​ ​ ​ Number ​ ​ ​ Recommendation ​ ​ ​ for Approval ​ ​ ​ of Abstentions ​ ​ ​ Non-Votes 1 Proposal to elect the nine director nominees 11 FOR Majority of votes cast No effect No effect 2 Proposal to approve, on an advisory basis, the compensation of our named executive officers 38 FOR Majority of votes cast No effect No effect 3 Proposal to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026 78 FOR Majority of votes cast No effect None expected ​ Abstentions will be counted as present and entitled to vote for purposes of determi ealth and wellness.”.

b. Approved under the standard stated in the filing — “Page Number Board Recommendation Vote Requirement for Approval Effect of Abstentions Effect of Broker Non-Votes 1 Proposal to elect the eleven director nominees 12 FOR Majority of votes cast No effect No effect 2 Proposal to approve, on an advisory basis, the compensation of our named executive officers 42 FOR Majority of votes cast No effect No effect 3 Proposal to approve the Healthpeak Properties, Inc.”.

c. Approved under the standard stated in the filing — “GE NUMBER BOARD RECOMMENDATION VOTE REQUIREMENT FOR APPROVAL EFFECT OF ABSTENTIONS EFFECT OF BROKER NON-VOTES 01 Proposal to elect the eleven director nominees 12 FOR Majority of votes cast No effect No effect 02 Proposal to approve, on an advisory basis, the compensation of our named executive officers 41 FOR Majority of votes cast No effect No effect 03 Proposal to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024 76 FOR Majority of votes cast No effect None expected Abstentions will be counted as present and entitled to vote for purposes of determin ncorporation language in such filing.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Healthpeak Properties names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Healthpeak Properties.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1W.P. Carey, Inc.2025Jason Fox$1,000,000$7,986,686$0$1,770,000$10,786,686
2Healthpeak Properties2025Tracy Porter425,0001,203,8010534,2612,201,812

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Healthpeak Propertiesnot disclosednot disclosednot disclosednot disclosed
W.P. Carey, Inc.118.0%PSU 60 · RSU 40Yes — TSR relative to the constituents of the MSCI US REIT IndexFrederic W. Cook & Co., Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Tracy PorterDEF 14A2026-03-120001104659-26-027086Section “Summary Compensation Table—2025” · page 60. As printed: 2,201,812. Filing ↗machine: t197 · r19 · c18 · span 1480570–1480579
2Section 03, Tracy Porter PSUDEF 14A0001104659-26-027086Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
3Section 03, Scott R. Bohn RSUDEF 14A0001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t206 · r37 · c12 · span 2124172–2124178
4Section 03, Tracy Porter PSUDEF 14A0001104659-26-027086Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
5Section 03, Peter A. Scott PSUDEF 14A2026-03-120001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t199 · r12 · c2 · span 1575462–1575471
6Section 03, Tracy Porter RSUDEF 14A0001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t206 · r46 · c12 · span 2176608–2176614
7Section 03, Thomas M. Klaritch PSUDEF 14A2026-03-120001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t199 · r11 · c2 · span 1571664–1571671
8Section 03, Thomas M. Klaritch RSUDEF 14A0001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t206 · r52 · c12 · span 2211556–2211562
9Section 03, Kelvin O. Moses PSUDEF 14A0001104659-26-027086Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
10Section 03, Kelvin O. Moses RSUDEF 14A0001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t206 · r24 · c12 · span 2048488–2048494
11Section 03, Adam G. Mabry RSUDEF 14A0001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t206 · r30 · c12 · span 2083470–2083476
12Section 03, Tracy Porter RSUDEF 14A0001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t206 · r47 · c12 · span 2182406–2182411
13Section 03, Tracy Porter RSUDEF 14A0001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t206 · r44 · c12 · span 2164983–2164988
14Section 03, Peter A. Scott RSUDEF 14A0001104659-26-027086Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
15Section 03, Scott M. Brinker PSUDEF 14A2026-03-120001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t199 · r6 · c2 · span 1552890–1552899
16Section 03, Scott R. Bohn PSUDEF 14A2026-03-120001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t199 · r9 · c2 · span 1564173–1564180
17Section 03, Scott M. Brinker RSUDEF 14A0001104659-26-027086Section “TARGET COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t206 · r15 · c12 · span 1996094–1996101
18Section 03, Adam G. Mabry PSUDEF 14A0001104659-26-027086Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
19Section 03, Adam G. Mabry PSUDEF 14A0001104659-26-027086Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
20Section 06, 2026 voteForm 8-K2026-05-040000765880-26-000002Item 5.07 · say-on-pay result. As reported: 89.24% (votes for as printed: 522,635,664). Filing ↗
21Section 06, 2025 voteForm 8-K2025-04-280001628280-25-020273Item 5.07 · say-on-pay result. As reported: 93.18% (votes for as printed: 548,245,667). Filing ↗
22Section 06, 2024 voteForm 8-K2024-04-260001104659-24-053055Item 5.07 · say-on-pay result. As reported: 93.48% (votes for as printed: 548,270,776). Filing ↗
23Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
24W.P. Carey, Inc., Section 10b CEO totalDEF 14A2026-03-270001025378-26-000063CEO total compensation as printed in W.P. Carey, Inc.'s own proxy. As printed: 10,786,686. Filing ↗machine: r4 · c21 · span 810394–810404
25Healthpeak Properties (subject), Section 10b CEO totalDEF 14A2026-03-120001104659-26-027086CEO total compensation as printed in Healthpeak Properties's own proxy. As printed: 2,201,812. Filing ↗machine: t197 · r19 · c18 · span 1480570–1480579
26Section 10a, W.P. Carey, Inc. reciprocityDEF 14A0001025378-26-000063W.P. Carey, Inc.'s most recent proxy was read; its disclosed peer group does not include Healthpeak Properties. Filing ↗