Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 64

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 64
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% | ​ | ​ |
| ​ | Mark T. Lammas    | ​ | ​ | ​         | ​ | 78%  | ​ | ​ | ​ | ​      | ​ | 130% | ​ | ​ | ​ | ​       | ​ | 195.0% | ​ | ​ |
| ​ | Harout Diramerian | ​ | ​ | ​         | ​ | 69%  | ​ | ​ | ​ | ​      | ​ | 115% | ​ | ​ | ​ | ​       | ​ | 172.5% | ​ | ​ |
| ​ | Arthur X. Suazo   | ​ | ​ | ​         | ​ | 69%  | ​ | ​ | ​ | ​      | ​ | 115% | ​ | ​ | ​ | ​       | ​ | 172.5% | ​ | ​ |
| ​ | Drew Gordon       | ​ | ​ | ​         | ​ | 69%  | ​ | ​ | ​ | ​      | ​ | 115% | ​ | ​ | ​ | ​       | ​ | 172.5% | ​ | ​ |

2024 Cash Bonus Scorecard For 2024, we used a formulaic cash bonus program that is based primarily on the achievement of several objective Company performance criteria that incentivize management to focus on financial goals that are aligned with our annual operating budget and strategic goals for the year. The Compensation Committee’s goal setting process is multi-faceted. Each year, metrics and goals are established based on a thorough review of historical goals, industry expectations and internal priorities and budgeting. Target levels are intended to be both challenging and achievable while maximum levels are intended to represent stretch goals, which, if achieved, will result in performance at the top of our sector. The following highlights the 2024 key considerations and changes: • Majority of Bonus Tied to Objective Financial Goals . Continued to allocate 80% to pre-established corporate performance goals and 20% to other key performance factors assessed by the Compensation Committee (including the management of our studio business); • Reinstated FFO per Share metric . Despite the continued headwinds impacting our FFO per share results, we remained committed to including a per share earnings metric in our program, consistent with our historical programs. For 2024, as a result of the lingering impact of the writers’ strike on the Company’s studio business, goals were calibrated on both a quarterly basis and annual basis, with