Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 82

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 82
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s reflect the full grant date fair value of LTIP Unit awards granted during 2024 computed in accordance with ASC Topic 718, rather than the amounts paid to or realized by the named individual. We provide information regarding the assumptions used to calculate the value of all awards made to executive officers in 2024 in Notes 2 and 15 to the consolidated financial statements contained in our Annual Report on Form 10-K, filed on February 25, 2025. There can be no assurance that awards will vest (if an award does not vest, no value will be realized by the individual). (4) Amounts reflect Performance Unit awards granted on January 1, 2024 at threshold, target and maximum levels. Performance Unit awards granted to our NEOs will be earned in the form of Performance Units of our operating partnership. For additional information on the 2024 Performance Units, see “Elements of Executive Officer Compensation—Performance Unit Awards” above. (5) Amounts reflect the full grant date fair value of Performance Unit awards in accordance with ASC Topic 718. The fair value of the Performance Unit awards is estimated using a Monte Carlo simulation model. We provide information regarding the assumptions used to calculate the value of all Performance Unit awards made to executive officers in Notes 2 and 15 to the consolidated financial statements contained in our Annual Report on Form 10-K, filed on February 25, 2025. There can be no assurance that awards will vest (if an award does not vest, no value will be realized by the individual).

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TABLE OF CONTENTS

| ​ | HUDSON PACIFIC PROPERTIES, INC. 
 Proxy Statement  |  2025        | ​ | ​ |     | ​ |

NARRATIVE DISCLOSURE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS IN 2024 TABLE The material terms of the employment agreements with each of our NEOs are described below. EMPLOYMENT AGREEMENTS Under the employment agreements, Messrs. Coleman, Lammas, Diramerian, Suazo and Gordon serve as the Company’s Chief Executive Officer, President and Treasurer, Chief Financial Officer, Executive Vice President, Leasing, and Chief Investment Officer, respectively. Effective January 1, 2025, we executed new employment agreements with each of our NEOs, the updated terms of which are discussed below. The initial term of the new employment agreements expires on the fifth anniversary of the effective date, unless earlier terminated,