Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 48

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 48
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 year ended December 31, 2024, our NEOs were issued the following in-kind awards in respect of the dividend equivalency rights: Mr. Farrar—17,197; Mr. Tylee—17,197; and Mr. Maretic—7,091. |

| (2) | The amounts represent the aggregate grant date fair values, computed in accordance with Financial Accounting Standards Board Accounting Standards Certification Topic 718, of Performance RSU Awards during the applicable fiscal year under the Company’s EIP without giving effect to the value of any dividend equivalents related to such Performance RSU Award. The grant date fair value of such dividend equivalents during the year ended December 31, 2024 was as follows: Mr. Farrar—$91,017; Mr. Tylee—$91,017; and Mr. Maretic—$37,527. |

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Payout of Performance Restricted Stock Units to our NEOs in 2024 The Performance RSU Awards granted in January 2022 to our NEOs with a January 1, 2022 through December 31, 2024 Performance RSU Measurement Period were earned at 50% of the target number of shares granted based on achievement of a total shareholder return of negative 61.3% during the Performance RSU Measurement Period which was at the 26 thpercentile of the 2022 RSU Peer Group.

| Recipient       |     | Number of Target 
 Performance      
 RSUs Awarded     |        |     | Actual Performance RSUs 
 Earned(1)               |        |
| James Farrar    |     |                  | 37,500 |     |                         | 18,750 |
| Gregory Tylee   |     |                  | 37,500 |     |                         | 18,750 |
| Anthony Maretic |     |                  | 15,000 |     |                         |  7,500 |

| (1) | Simultaneously with the vesting of the Performance RSU Awards, our NEOs were issued the following in-kind awards in respect of the dividend equivalency rights: Mr. Farrar—5,141; Mr. Tylee—5,141; and Mr. Maretic—2,056. |

Grants of Equity Compensation to our NEOs Year-to-Datein 2025 As detailed above, our long-term equity incentive compensation is typically granted during the first quarter of each year relating to the prior year