Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 88

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 88
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 the average annual bonus earned by the executive officer during 2022 and 2023. For Mr. Gordon, while he was not subject to an employment agreement effective as of December 31, 2024, we have illustrated his potential cash severance as if his current employment agreement (which went into effect on January 1, 2025) described above was effective as of such date.

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

(3) Represents the aggregate premium payments that we would be required to pay to or on behalf of Mr. Coleman to provide continued health insurance coverage under COBRA (based on Mr. Coleman’s health insurance coverage elections as of December 31, 2024) for 12 months in connection with termination due to Death or Disability or 36 months for termination without Cause or for Good Reason. (4) Represents, for each executive officer, the sum of the values attributable to (i) the accelerated vesting of the unvested portion of all outstanding LTIP Units held by the executive officer as of December 31, 2024 and (ii) the accelerated vesting of the 2023 and 2024 Performance Unit awards held by the executive officer, plus the dividend equivalents that would become payable in respect of the executive’s 2023 and 2024 Performance Unit awards upon the termination. As required by applicable disclosure rules, these values reflect a hypothetical termination of the executive’s employment occurring on December 31, 2024. The value of accelerated LTIP Unit vesting was calculated by multiplying (a) the number of shares subject to acceleration by (b) the fair market value of a share of common stock on December 31, 2024 (the last trading day of the year) of $3.03. The value of the accelerated vesting of the 2023 Performance Unit awards as of December 31, 2024 for purposes of this disclosure is based on the greater of (x) 50% of the Operational Units and (y) the number of Operational Units that would vest based on actual achievement of each operational performance goal and relative TSR performance through the termination date (December 31, 2024). The 2023 Performance Unit award values for each executive also include an amount equal to the aggregate dividend equivalents that would become payable to the executive in respect of the 202