Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 41

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 41
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 and programs, which resulted in the maintenance of the Company’s ESG Corporate Rating as measured by Institutional Shareholder Services. |

Structure and Components of the Executive Compensation Program The compensation program for NEOs generally consists of base salary, annual cash incentive compensation potential and long-term equity incentive compensation potential. Each year the Compensation Committee establishes a set of Performance Objectives (discussed further above) and weightings for each Performance Objective, which is used in evaluating performance and determining total remuneration of our NEOs. Base Salary Base salaries for NEOs are determined by position, which takes into consideration the scope of job responsibilities, the employee’s level of experience and expertise and competitive market compensation paid by 31

other public office REITs for similar positions. Base salaries for NEOs are generally fixed by the Compensation Committee for a two-yearperiod and reviewed for adjustment every other year and set to a level that the Compensation Committee believes is necessary and appropriate to attract and retain high-quality professionals. However, the Compensation Committee reviews base salaries paid by our peer groups on an annual basis to determine if adjustments should be made more frequently. Under guidelines established by our Compensation Committee, the target for base salaries for our NEOs is intended to be generally below the comparable peer groups’ average while providing the ability to achieve above average total remuneration based on strong performance. On February 1, 2018, we, through a wholly-owned subsidiary, entered into Employment Agreements (collectively, the “Original Employment Agreements”) with each of our NEOs. On July 31, 2019, we, through a wholly-owned subsidiary, entered into amendments to the Original Employment Agreements (collectively with the Original Employment Agreements, the “Employment Agreements”) with each of our NEOs. On August 4, 2021, we, through a wholly-owned subsidiary entered into second amendments to the Employment Agreements with each of our NEOs. See “Certain Relationships and Related Person Transactions.” Base salaries for the NEOs were adjusted on January 1, 2025 and last adjusted prior to that on January 1, 2023. For 2024 and 2023, the Base Salary compensation for our NEOs was as follows:

| Recipient       |     | 2024 Base Salary |         |     | 2023 Base Salary |         |
|:----------------|:----|:-----------------|--------:|:----|:-----------------|--------:|
| James Farrar    |     | $                |