Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 42

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 42
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 525,000 |     | $                | 525,000 |
| Gregory Tylee   |     | $                | 525,000 |     | $                | 525,000 |
| Anthony Maretic |     | $                | 400,000 |     | $                | 400,000 |

Annual Cash Incentive Compensation Our NEOs have the opportunity to earn an annual cash incentive compensation designed to reward annual corporate performance. In determining the actual annual cash incentive compensation paid to an NEO, the Compensation Committee provides a score for each Performance Objective. However, the percentage amount an NEO may earn under this program can generally range from 0-200%of base salary as determined by the Compensation Committee’s measurement of achievement under the Performance Objectives, subject to special circumstance reward or punitive adjustments that may be approved by the Compensation Committee in its discretion. The Compensation Committee considered the Company’s actual performance for 2024 against the 2024 Performance Objectives as well as the other factors described above. Based on those considerations, the Compensation Committee made the following annual cash incentive compensation recommendations for 2024 performance, which were subsequently approved by the Company’s Board of Directors and paid to the NEOs.

| Recipient       |     | 2024 Annual Cash       
 Incentive Compensation |         |
|:----------------|:----|:-----------------------|--------:|
| James Farrar    |     | $                      | 656,250 |
| Gregory Tylee   |     | $                      | 656,250 |
| Anthony Maretic |     | $                      | 483,500 |

Long-Term Equity Incentive Compensation Our NEOs are eligible to receive long-term equity incentive compensation under the Company’s EIP that promotes our long-term success by aligning the NEOs’ interests with the interests of our stockholders. The EIP enables the Company to provide the NEOs with an ownership interest in our company through restricted stock units and performance restricted stock units. Such compensation is typically granted during the first quarter of each year relating to the prior year’s performance. 32

The Compensation Committee may, from time to time pursuant to the EIP, grant our NEOs certain equity-based awards. These awards are designed to align the interests of our NEOs with those of our stockholders by allowing our NEOs to share in the creation of value for our stockholders through capital appreciation and dividends. These equity awards are generally subject to vesting requirements, and are designed to promote the retention