Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 71

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 71
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 appropriate values. Based on this assessment, the Compensation Committee determined it was appropriate to keep each executive’s dollar-denominated value of the annualized 2024 Annual LTIP Unit awards unchanged from amounts granted with respect to the 2023 Annual LTIP Unit awards. The Annual LTIP Unit awards were as follows: • Messrs. Coleman, Lammas and Diramerian received 50% of their 2024 target equity grant (an amount equal to 2x the value of the 2023 target equity grant) in the form of time-based LTIP units. As previously described, the time-based LTIP units granted to Messrs. Coleman, Lammas and Diramerian are intended to cover two years of grants. Messrs. Coleman, Lammas and Diramerian did not receive equity grants in January 2025.

| ​ | EXECUTIVE         | ​ | ​ | 2024 LTIP Unit Awards(Granted in January 2024)($)(1) |   |           |   | ​ | ​ | Annualized Value(2) |   |           |   | ​ | ​ | ​ | 2023 AnnualLTIP Unit Awards($) |   |           |   | ​ |
| ​ | Victor J. Coleman | ​ | ​ | ​                                                    | ​ | 8,000,000 | ​ | ​ | ​ | ​                   | ​ | 4,000,000 | ​ | ​ | ​ | ​ | ​                              | ​ | 4,000,000 | ​ | ​ |
| ​ | Mark T. Lammas    | ​ | ​ | ​                                                    | ​ | 3,500,000 | ​ | ​ | ​ | ​                   | ​ | 1,750,000 | ​ | ​ | ​ | ​ | ​                              | ​ | 1,750,000 | ​ | ​ |
| ​ | Harout Diramerian | ​ | ​ | ​                                                    | ​ | 1,250,000 | ​ | ​ | ​ | ​                   | ​ |   625,000 | ​ | ​ | ​ | ​ | ​                              | ​ |   625,000 | ​ | ​ |

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

These awards will vest in five equal, annual installments on each of the first five anniversaries of