Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 55

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 55
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 and closing costs), and used net proceeds to repay amounts on the Company’s unsecured revolving credit facility: • 3176 Porter, a 47,000-square-foot office property in Palo Alto, California, for $24.8 million (closed fourth quarter 2024) 40

TABLE OF CONTENTS

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

• Foothill Research Center, a 195,121-square-foot office property in Palo Alto, California, for $23.0 million (closed first quarter 2025) • Executed on cost-cutting initiatives, including reducing G&A expense by $3.6 million compared to the Company’s initial guidance, and Quixote studios and services operating expenses by $7.5 million (annualized), with further savings in both categories anticipated this year • Following a favorable amendment to modify certain definitions and covenant calculations and adjust lender commitments from $900 million to $775 million, which was completed in first quarter 2025, but effective as of fourth quarter 2024, the Company ended the year with $518.3 million of total liquidity (excludes undrawn capacity under construction loans) • Maintained a quarterly dividend on our 4.750% Series C cumulative preferred stock of $0.296875 per share, equivalent to an annual rate of $1.18750 per share Issued annual Better Blueprint TM report highlighting 2023 sustainability accomplishments, with ongoing recognition from GRESB, ENERGY STAR, Newsweek, Fitwel and S&P Global, among others during the 2024 calendar year • Received numerous corporate responsibility awards and recognition in the 2024 calendar year including: • GRESB Global Sector Leader, Office Americas and 5-Star Rating • ENERGY STAR Partner of the Year and Sustained Excellence • Newsweek America’s Most Responsible Companies • Fitwel Champion • S&P Global Sustainability Yearbook • Green Lease Leader, Silver Leader • BC’s Top Employers 2024 EXECUTIVE COMPENSATION HIGHLIGHTS Our executive compensation program is designed to motivate and reward management for delivering market-leading operating and financial results that lead to long-term value creation for our stockholders while balancing our evolving platform and business strategy. In 2024, we remained focused on positioning ourselves for growth as the office and studio businesses continue to recover from the prolonged impact of macroeconomic factors, the lingering impacts of remote work on the office