Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 73

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 73
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 Performance Unit program, a fixed number of Performance Units will be issued at the onset of the performance period and may be earned under a range of payouts based on stated goals. Below is a summary of the key terms of the 2024 Performance-Based Unit awards granted to Messrs. Coleman, Lammas and Diramerian. Messrs. Suazo and Gordon did not receive Performance Units in 2024.

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

The Compensation Committee approved the following 2024 Performance Units:

| ​ | ​                 | ​ | ​ | 2024 UPFRONT GRANT PERFORMANCEUNIT AWARD VALUES |   |           |   |   |   |                                        |   |           |   |   |   |                           | ​ |
| ​ | EXECUTIVE         | ​ | ​ | 2024AGGREGATETARGET AWARD($)                    |   |           |   | ​ | ​ | 2024 ANNUALIZEDVALUE OFTARGET AWARD($) |   |           |   | ​ | ​ | 2023 TotalTarget Award($) | ​ |
| ​ | Victor J. Coleman | ​ | ​ | ​                                               | ​ | 8,000,000 | ​ | ​ | ​ | ​                                      | ​ | 4,000,000 | ​ | ​ | ​ |                 4,000,000 | ​ |
| ​ | Mark T. Lammas    | ​ | ​ | ​                                               | ​ | 3,500,000 | ​ | ​ | ​ | ​                                      | ​ | 1,750,000 | ​ | ​ | ​ |                 1,750,000 | ​ |
| ​ | Harout Diramerian | ​ | ​ | ​                                               | ​ | 1,250,000 | ​ | ​ | ​ | ​                                      | ​ |   625,000 | ​ | ​ | ​ |                   625,000 | ​ |

Although the program is designed to grant a “target” number of units, with adjustments upwards/downwards based on performance, in order to address certain tax requirements that apply to Performance Units, the Performance Units were issued at maximum. Therefore, based on our performance, the Performance Units can be earned at maximum (if maximum goals are achieved) or, if maximum goals are not achieved, the Performance Units will be