Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 72

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 72
---
 the grant date, subject to the executive’s continued service through such vesting date and further subject to an additional mandatory holding period under which the NEOs cannot transfer vested units for an additional three years following the applicable vesting date. The LTIP Unit awards are subject to accelerated vesting upon certain terminations (as described below in the section entitled “Potential Payments Upon Termination or Change in Control”). • Messrs. Suazo and Gordon received 100% of their 2024 target equity grant (an amount equal to the value of their 2023 target equity grant) in the form of time-based LTIP Units.

| ​ | EXECUTIVE       | ​ | ​ | 2024 LTIP Unit Awards(Granted in January 2024)($)(1) |   |           |   | ​ | ​ | 2023 AnnualLTIP Unit Awards—IncludingTotal Target Award ofPerformance Units |   |           |   | ​ |
| ​ | Arthur X. Suazo | ​ | ​ | ​                                                    | ​ | 1,125,000 | ​ | ​ | ​ | ​                                                                           | ​ | 1,125,000 | ​ | ​ |
| ​ | Drew Gordon     | ​ | ​ | ​                                                    | ​ |   940,000 | ​ | ​ | ​ | ​                                                                           | ​ |       N/A | ​ | ​ |

These awards will vest in three equal, annual installments on each of the first three anniversaries of the grant date, subject to the executive’s continued service through such vesting date and further subject to an additional mandatory holding period under which the NEOs cannot transfer vested units for an additional three years following the applicable vesting date. The LTIP Unit awards are subject to accelerated vesting upon certain terminations (as described below in the section entitled “Potential Payments Upon Termination or Change in Control”). (1) Amounts reflect dollar-denominated values of LTIP unit awards. The grant date fair values, computed in accordance with ASC 718, are $7,541,980, $3,299,614, $1,178,435, $892,985 and $746,139 for Messrs. Coleman, Lammas, Diramerian, Suazo, and Gordon, respectively. (2) Amounts reflect dollar-denominated values of LTIP unit awards annualized over the two years of grants the award is intended to cover. Performance Unit Awards Performance Unit awards are granted as Performance Units in our operating partnership. Under the