Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 89

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 89
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3 Performance Unit award upon such termination, or $253,333, $110,833, $39,583, $31,666 and $31,666 for Messrs. Coleman, Lammas, Diramerian, Suazo, and Gordon respectively, based on the dividends per share declared during the performance period (beginning on January 1, 2023) through December 31, 2024. For each Messrs. Coleman, Lammas and Diramerian, the value of the accelerated 2024 Performance Unit awards as of December 31, 2024 for the purposes of this disclosure is based on actual achievement through the termination date (December 31, 2024) and do not include an amount for the shares or with respect to the aggregate dividend equivalents given no shares have been earned during the performance period. (5) Represents, for each executive officer, the accelerated vesting of the 2023 Performance Unit award and for Messrs. Coleman, Lammas and Diramerian, the 2024 Performance Unit award held by the executive officer, plus the dividend equivalents that would become payable in respect of the executive’s 2023 and 2024 Performance Unit awards, as applicable, upon the change in control. As required by applicable disclosure rules, these values reflect a hypothetical change in control occurring on December 31, 2024. The value of the 2023 and 2024 Performance Unit award vesting was calculated as described in footnote (4) above. (6) Represents the life insurance proceeds payable by a third-party insurer under the executive’s life insurance policy upon a termination of employment due to death. (7) Represents the aggregate premium payments that we would be required to pay to or on behalf of the applicable executive to provide continued health insurance coverage under COBRA (based on the executive’s health insurance coverage elections as of December 31, 2024) for 18 months. CEO PAY RATIO For 2024, our last completed fiscal year: • the annual total compensation of the employee who represents our median compensated employee (other than our CEO) was $73,775; and • the annual total compensation of our CEO, as reported in the Summary Compensation Table included above, was $24,801,634. Based on this information, for 2024, our CEO’s annual total compensation was approximately 336 times that of the median of the annual total compensation of all of our employees (other than the CEO). DETERMINING THE MEDIAN EMP