Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 79

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 79
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500 | ​ | ​ |       ​ | ​           | ​ | 127,075 | ​ | ​ |         ​ | ​                 | ​ |    746,139 | ​ | ​ |       ​ | ​                                         | ​ |   667,145 | ​ | ​ |       ​ | ​                           | ​ | 11,579 | ​ | ​ |         ​ | ​        | ​ |  2,104,438 | ​ | ​ |

(1) Amounts represent discretionary bonuses paid to our NEOs under our 2024 cash bonus program in respect of the Compensation Committee’s assessment of individual and corporate performance during the applicable fiscal year. (2) Amounts for 2024 reflect the full grant-date fair value of LTIP Unit awards and, with respect to Messrs. Coleman, Lammas and Diramerian, Performance Unit awards granted in 2024, each computed in accordance with ASC Topic 718, rather than the amounts paid to or realized by the named individual. The 2024 Performance Unit awards are subject to market conditions. The amounts in the table with respect to the 2024 Performance Unit awards represent the grant date fair value calculated using a Monte Carlo simulation model in the following amounts: $14,025,442, $6,136,131 and $2,191,475 for Messrs. Coleman, Lammas and Diramerian, respectively. We provide information regarding the assumptions used to calculate the value of all LTIP Unit awards and 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). The measures that determine the number of Performance Units issued to an NEO are stock price hurdles, assessed over the applicable performance period as described in more detail in “Elements of Executive Officer Compensation—Long-Term Equity Incentives” above. The 2024 Performance Unit awards are treated as market condition awards as defined under ASC Topic 718, and as a result, the maximum values of the awards will not differ from the fair values presented in the table above. (3) The amounts shown represent the non-discretionary bonuses earned in the applicable year under our cash bonus program. (4) Amounts for all NEOs represent $9,000 for the Company’s 401(k) match, $