Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 71

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 71
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47

DIRECTOR COMPENSATION We have approved and implemented a compensation program for our non-employeedirectors that consists of annual retainer fees and long-term equity awards. As compensation for serving on our Board of Directors, each director receives an annual base fee for his or her services of $50,000. The Chairman of the Board of Directors receives an additional annual cash retainer of $20,000, the chair of the Audit Committee receives an additional annual cash retainer of $15,000, and the chairs of the Compensation Committee, the Nominating and Corporate Governance Committee and Investment Committee receive an additional annual cash retainer of $10,000. We also reimburse our non-employeedirectors for reasonable out-of-pocketexpenses incurred in connection with the performance of their duties as directors, including, without limitation, travel expenses in connection with their attendance in person at Board of Directors and committee meetings. On January 24, 2024, the Compensation Committee granted our directors restricted stock units. The restricted stock units vest ratably over three years and carry the right to receive dividends (through a related grant of dividend equivalent rights), which will be reinvested in shares of our common stock and delivered to the applicable director upon, and subject to, satisfaction of the vesting criteria applicable to the related restricted stock units. Pursuant to this program, each of Mr. Mazan, Mr. McLernon, Mr. Murski, Ms. Mirza and Mr. Sweet were granted 10,778 restricted stock units. We do not have, and we do not currently intend to adopt, any plans or programs for our directors that provide for pension benefits. The table below sets forth information regarding the compensation paid or accrued by the Company during 2024 to each of our directors. James Farrar did not receive any additional compensation in connection with his role as a director.

| Name                 |     | Fees      
 Earned or 
 Paid in   
 Cash      
 ($)       |         |     | Stock Awards 
 ($)(1)(2)    |         |     | Total 
 ($)   |         |
|:---------------------|:----|:----------|--------:|:----|:-------------|--------:|:----|:------|--------:|
| John Sweet(3)        |     | $         |  70,000 |     | $            |  65,317 |     | $     | 135,317 |
| Michael Mazan(4)     |