Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 64

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 64
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 employees, as well as to determine the annual total compensation of our median employee and the CEO, we took the steps listed below:

| • |     | In determining our median employee from our 19 employees (other than the CEO), we calculated each employee’s total compensation for 2024 in accordance with SEC rules with regards to compensation for our NEOs. |

| • |     | With the above information, we identified an employee whose compensation we believe best reflects the Company’s employees’ median 2024 compensation. Excluding our CEO, the median employee’s annual total compensation totaled $241,377. |

In accordance with SEC rules, with respect to the annual total compensation of the CEO, we used the amount reported in the “Total” column of our 2024 Summary Compensation Table included elsewhere in this Proxy Statement. Because the SEC rules for identifying the median compensated employee and calculating the pay ratio based on that employee’s annual total compensation allow companies to adopt a variety of methodologies, to apply certain exclusions, and to make reasonable estimates and assumptions that reflect their compensation practices, the pay ratio reported by other companies may not be comparable to the pay ratio reported above, as other companies have different employment and compensation practices and may utilize different methodologies, exclusions, estimates and assumptions in calculating their own pay ratios. 44

Pay Versus Performance

The table below is provided in accordance with Item 402(v) of Regulation S-K. This information is being provided for compliance purposes. Neither the Compensation Committee nor the executives of our Company use the information in this table when making compensation decisions.

| Year | Total       
 Shareholder 
 Return(5)   | Summary      
 Compensation 
 Table Total  
 for PEO(1)   
 ($)          |           |     | Peer Group  
 Total       
 Shareholder 
 Return(6)   | Compensation  
 Actually Paid 
 to PEO(2)     
 ($)           |           |     | Average      
 Summary      
 Compensation 
 Table Total  
 forNon-PEO   
 NEOs(3)      
 ($)          |           |     | Average       
 Compensation  
 Actually Paid 
 toNon-PEO     
 NEOs(4)       
 ($)           |           |     | Value of Initial Fixed    
 $100 Investment Based On: |        |     |   |        |     | Net Income(7)     
 (in thousands, $) |         |   |     | Revenue   
 Percent   
 Change(8) 
 (%)       |      |    |
|:-----|:------------|:-------------|----------:|: