Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 18

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 18
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 be able to continue to use equity awards to attract, retain and motivate employees. We believe that having an incentive compensation plan in place with a sufficient number of shares is critical to our ability to attract, retain and motivate employees in a highly competitive marketplace and ensure that our executive compensation program is structured in a manner that aligns the executives’ interests with our success. As of April 1, 2025, there were 141,392,410 shares of common stock outstanding (not including unvested restricted common stock), 5,072,881 operating partnership units outstanding (not including outstanding profits interest units granted under the Prior Plan). Also as of April 1, 2025, an aggregate of (i) 534,839 unvested restricted stock units (“RSUs”) granted under the Prior Plan (with performance-based RSUs calculated at “maximum” levels) were outstanding that had not yet been earned, and (ii) an aggregate of 10,538,338 outstanding profits interest units granted under the Prior Plan (with performance-based profits interest units calculated at “maximum” levels) were outstanding that had not yet been earned. BURN RATE The following table sets forth information regarding historical awards granted and earned for the period 2022 through 2024, and the corresponding burn rate, which is defined as the number of shares subject to stock awards granted (or, for awards subject to performance-based vesting, earned) in a fiscal year divided by the weighted average common shares outstanding for that fiscal year, for each of the last three fiscal years. 14

TABLE OF CONTENTS

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

| ​ | Year | ​ | ​ | Time-BasedFull-ValueAwardsGranted |   |           |   | ​ | ​ | Performance-BasedFull-ValueAwardsEarned |   |         |   | ​ | ​ | TotalFull-ValueAwardsGranted orEarned(1) |   |           |   | ​ | ​ | WeightedAverageCommon UnitsOutstanding(2) |   |             |   | ​ | ​ | CurrentBurnRate(3) |   |       |   | ​ |
| ​ | 2024 | ​ | ​ | ​                                 | ​ | 3,205,637 | ​ | ​ | ​ | ​                                       | ​ | 305,913 | ​ | ​ | ​