Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 84

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 84
---
 of exercise minus the exercise price or (2) the amount realized upon the disposition of the option shares minus the exercise price. Otherwise, a participant’s disposition of shares acquired upon the exercise of an option generally will result in capital gain or loss. Other awards under the EIP, including restricted stock units and phantom shares generally but excluding LTIP Units, will result in ordinary income to the participant at the later of the time of delivery of cash or shares, or the time that either the risk of forfeiture or restriction on transferability lapses on previously delivered shares or other property. LTIP Units are taxed under partnership taxation rules, and the recipient generally will have no tax consequences until distributions are made with respect to the LTIP Units. Except as discussed below, we generally will be entitled to a tax deduction equal to the amount recognized as ordinary income by the participant in connection with an**

<div align='center'>55</div>

award, but will be entitled to no tax deduction relating to amounts that represent a capital gain to a participant. Thus, we will not be entitled to any tax deduction with respect to an incentive stock option if the participant holds the shares for the incentive stock option holding periods.

Please note, the foregoing is a general tax discussion and different tax rules may apply to specific participants and transactions under the EIP.

#### New EIP Benefits
Except for any common shares that may be issued in settlement of awards previously approved by the compensation committee, as described in this proxy statement under “Executive Officer and Director Compensation,” the Company is unable to estimate or describe the Grants that may be issued under the EIP, as amended (if the amendments are approved by the stockholders), because the Board of Directors or the Compensation Committee of our Board of Directors will determine the Grants that may be issued during the term of the EIP.

<div align='center'>**THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE STOCKHOLDERS VOTE “FOR” THE THIRD AMENDMENT TO THE PLAN.

56**</div>

### CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS

#### Policies with Respect to Conflicts of Interest
We adopted a code of ethics and related persons transactions policy that prohibits transactions involving conflicts of interest between us on the one hand, and our officers, employees and directors on the other hand, except for such transactions that are approved by a majority of our directors (including a majority of our independent directors) in compliance with the code of ethics and related persons transactions policy. A “conflict