Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 19

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 19
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 OF SHARE RESERVE UNDER THE AMENDED PLAN In deciding to approve the Amended Plan, the Board was primarily motivated by a desire to ensure the Company has an available pool of shares from which to grant long-term equity incentive awards, which we believe is a primary incentive and retention mechanism for its employees, directors and consultants. In determining the number of shares by which to increase the reserve under the Amended Plan, the Board reviewed the Compensation Committee’s recommendations, which were based on an analysis prepared by and recommendations of Ferguson Partners Consulting L.P. the Compensation Committee’s independent compensation consultant (“FPC”). This review included a consideration of the following key metrics, factors and philosophies: REASONABLE PLAN COST • Permits continued alignment of interests through use of equity compensation • Plan dilution is consistent with our last share reserve increase • Awards would not have a substantially dilutive effect (additional 7,259,450 shares requested is 5% of shares and units outstanding) RESPONSIBLE GRANT PRACTICES • All equity awards vest over a period of at least three years, including five years for our most recent grants for our CEO, our President and our CFO • Equity awards for our executive officers are subject to robust mandatory post-vest holding periods including three years following vesting on time-based equity awards and two years for any earned Performance Unit awards • Robust performance-based hurdles used for performance-based RSUs and Performance Units • Robust stock ownership guidelines • Clawback policy that applies to all executive officers and requires our recoupment of erroneously-paid compensation in the event of a financial restatement

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TABLE OF CONTENTS

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

STOCKHOLDER-FRIENDLY PLAN FEATURES • No single-trigger change in control vesting acceleration, except for earned performance awards • No accelerated vesting in connection with a change in control unless the change in control is consummated (i.e., no liberal change in control definition) • No repricing permitted without stockholder approval • No cash buyouts of stock options without stockholder approval • Discloses vesting treatment for outstanding time- and performance-based awards upon a change in control • Stockholder approval required to increase the share reserve (i.e., no “evergreen” feature) In light of the factors described above, and the fact that the ability to continue to grant equity compensation is vital to our ability to continue to attract and retain employees