Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 32

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 32
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 group (8 persons) |     |                     | Common Stock |     |        | 1,747,822 |     |            | 4.3 | % |

| * | Represents less than one percent of class. |

| (1) | Based on 40,358,240 shares of our common stock outstanding as of February 20, 2025. |

| (2) | Share amount includes indirect ownership through family members, trusts, corporations and/or partnerships. |

23

#### EXECUTIVE COMPENSATIONCompensation Discussion and AnalysisThe Compensation Committee of our Board of Directors is currently comprised of three independent directors with the responsibility for establishing and administering the underlying policies and principles of our compensation program. We strive to provide a competitive total remuneration package to our Named Executive Officers (“NEOs”) through a combination of base salary, annual cash incentive compensation and long-term equity incentive compensation. Our focus is to establish a program that aligns the Company’s short- and long-term interests with those of our management. We strive to reward strong performance but designed our compensation program to have material consequences for NEOs if objectives established by the Compensation Committee are not satisfactorily met.This Compensation Discussion and Analysis section describes our executive compensation program for 2024. It also describes how and why the Compensation Committee made its decisions regarding 2024 compensation. Set forth below is information concerning our NEOs and their respective titles as of December 31, 2024:NameAgePositionJames Farrar49Chief Executive Officer and DirectorGregory Tylee53Chief Operating Officer and PresidentAnthony Maretic53Chief Financial Officer, Secretary and TreasurerInformation regarding the background of ournon-directorNEOs is set forth below.Gregory TyleeMr. Tylee, age 53, has been our chief operating officer and president since our IPO in April 2014. He joined Second City Real Estate in May 2010 and has been primarily responsible for sourcing, underwriting and acquiring properties throughout the United States. He has been involved in real estate transactions with a combined enterprise value of over $4.0 billion over the course of his career. He has deep relationships with real estate operators, lenders and brokers. From May 2008 to October 2012, Mr. Tylee held both the Vice President of Acquisitions and President roles for Bosa Properties Inc., a prominent real estate development company based in Vancouver, Canada, with over 400 employees. As President, Mr. Tylee was involved in all aspects