Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 66

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 66
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 ​ | ​ |       25% | ​ | ​ |                                        1,498.5 | ​ | ​ | 1,665.0 | ​ | ​ |  1,831.5 | ​ | ​ |    2,029.3 | ​ |
| ​ | Average Annual Net Debt to Average Annual Consolidated Gross Assets                                                                                                        | ​ | ​ | ​     | ​ | ​ |       20% | ​ | ​ |                                            39% | ​ | ​ |     38% | ​ | ​ |      37% | ​ | ​ |      36.5% | ​ |
| ​ | Accomplishment of Corporate Responsibility PrioritiesEncourages focus and progress toward measurable annual goals and promotes transparency on our strategy and objectives | ​ | ​ | ​     | ​ | ​ |       10% | ​ | ​ |                                        6 of 10 | ​ | ​ | 8 of 10 | ​ | ​ | 10 of 10 | ​ | ​ | 9See Below | ​ |
| ​ | Other Key Corporate Performance Factors and Individual Performance                                                                                                         | ​ | ​ | ​     | ​ | ​ |       20% | ​ | ​ | Compensation Committee’sAssessment (See Below) |   |   |         |   |   |          | ​ | ​ |       100% | ​ |

(1) Each quarterly FFO per share goal may be earned above (or below) target, but the overall 25% portion of the bonus based on FFO per share will be capped at target if full-year FFO per share results are less than $1.05, the midpoint of the full-year FFO guidance. FFO is a non-GAAP measure. Refer to Appendix A for a definition of FFO and a reconciliation of net income to FFO.

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TABLE OF CONTENTS

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

The following reflects the accomplishment of 2024 corporate responsibility priorities, which represents 10% of the cash bonus program, the possible points that can be earned under each goal, and the actual points earned for 2024. The achievement of 6 points results in a threshold payout, 8 points results in a target payout and 10 points results in a maximum payout, with linear interpolation for in-between performance as follows:

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