Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 61

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 61
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with our CEO and assisting in the identification of appropriate cash bonus goals. During 2024, the Compensation Committee held meetings both independently and with the participation of our CEO. The Compensation Committee’s compensation consultant also participated in select meetings, at the committee’s request. How We Use Peer Group Data Each year, the Company reviews the peer group (the “Executive Compensation Peer Group”) to determine the appropriateness of each peer company, as well as the peer group in totality. In assessing our peer group, FPC prepared for the Compensation Committee a peer group using the following selection criteria: • Office sector REITs that invest in Class “A” space in high barrier-to-entry markets; • Select diversified REITs that own a large office portfolio; and • Peer companies that generally range in size from approximately 0.5x to 2.5x of our total enterprise value of implied equity market capitalization, while also being sensitive to peer group continuity and market fluctuations. In 2024, no changes were made to our peer group based on an assessment of the above. Our peer group had a median enterprise value (1) of $6.6B, compared to Hudson Pacific Properties at $5.7B, and included the following companies:

| ​ | ​ | 2024 Peer Group                        |   |   |                                    | ​ | ​ |
| ​ | ​ | Brandywine Realty Trust (BDN)          | ​ | ​ | Kilroy Realty Corporation (KRC)    | ​ | ​ |
| ​ | ​ | Cousins Properties Incorporate (CUZ)   | ​ | ​ | Paramount Group, Inc. (PGRE)       | ​ | ​ |
| ​ | ​ | Douglas Emmett, Inc. (DEI)             | ​ | ​ | Piedmont Office Realty Trust (PDM) | ​ | ​ |
| ​ | ​ | Empire State Realty Trust, Inc. (ESRT) | ​ | ​ | SL Green Realty Corp. (SLG)        | ​ | ​ |
| ​ | ​ | Highwoods Properties,Inc. (HIW)        | ​ | ​ | Vornado Realty Trust (VNO)         | ​ | ​ |
| ​ | ​ | JBG SMITH Properties (JBGS)            | ​ | ​ | ​                                  | ​ | ​ |

(1) Per S&P Global Market Intelligence as of December 31, 2024. The Compensation Committee uses the peer group data