Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 55

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 55
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 this number are restricted stock units granted on the dates and in the amounts listed below. The market value of the amount to be earned upon vesting is based on the closing price of our common stock on the NYSE on December 31, 2024, which was $5.52 per share, and restricted stock units and Performance RSU Awards that have not vested, including dividend equivalents thereon, in the amounts of: (i) 24,312 restricted stock units granted on January 25, 2022; (ii) 47,414 restricted stock units granted on January 24, 2023; and (iii) 78,122 restricted stock units granted on January 24, 2024. Excludes dividend equivalency rights reflected as in-kind payments of additional Performance RSU Awards upon each regular common stock dividend payment. During the year ended December 31, 2024, Mr. Maretic was issued 7,091 in-kind awards in respect of the dividend equivalency rights with a grant date fair value of $37,527. |

Option Exercises and Stock Vested The following table sets forth certain information regarding option award exercising and stock vesting during 2024.

| Name            |     | Option Awards    
 Number of Shares 
 Acquired on      
 Exercise         
 (#)              |   |     | Value Realized on 
 Exercise          
 ($)               |   |     | Stock Awards     
 Number of Shares 
 Acquired on      
 Vesting          
 (#)              |         |     | Value Realized on 
 Vesting           
 ($)               |         |
|:----------------|:----|:-----------------|:--|:----|:------------------|:--|:----|:-----------------|--------:|:----|:------------------|--------:|
| James Farrar    |     |                  | — |     |                   | — |     |                  | 142,212 |     | $                 | 802,076 |
| Gregory Tylee   |     |                  | — |     |                   | — |     |                  | 142,212 |     | $                 | 802,076 |
| Anthony Maretic |     |                  | — |     |                   | — |     |                  |  54,290 |     | $                 | 306,196 |

Potential Payments Upon Termination or Change in Control Termination Without Cause, Resignation With Good Reason Pursuant to each NEO’s employment agreement with us, if the NEO