Hudson Pacific Properties (NYSE: HPP) director granted 7,462-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BORTZ JON E reported acquisition or exercise transactions in this Form 4 filing.
Hudson Pacific Properties director Jon E. Bortz received an equity award of 7,462 shares of common stock, reported as a grant with no cash price per share. Following this award, he directly holds 10,394 shares. The grant will vest in three equal installments on the first, second and third anniversaries of the grant date, meaning the shares become fully owned over a three-year period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BORTZ JON E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 7,462 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 10,394 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 7,462 shares
Holdings after grant: 10,394 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
Equity award size
7,462 shares
Grant of common stock reported on Form 4
Holdings after grant
10,394 shares
Total direct common stock held after transaction
Grant price per share
$0.0000 per share
Reported transaction price for the awarded shares
Vesting installments
3 equal installments
On first, second and third anniversaries of grant date
Key Terms
restricted stock units, Grant, award, or other acquisition, Common Stock, par value $0.01
3 terms
restricted stock units financial
"Award of restricted stock units will vest in three equal installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock, par value $0.01 financial
"security_title: Common Stock, par value $0.01"
FAQ
What insider transaction did Jon E. Bortz report for Hudson Pacific Properties (HPP)?
Jon E. Bortz reported receiving a grant of 7,462 shares of Hudson Pacific Properties common stock. The award was recorded as a grant or award acquisition with no cash price per share, increasing his direct holdings to 10,394 shares after the transaction.
Was Jon E. Bortz’s Hudson Pacific Properties (HPP) award an open-market purchase or a grant?
The transaction was a grant or award acquisition, not an open‑market purchase. It is coded as an “A” transaction and described as a grant, award, or other acquisition, with a reported price per share of $0.0000, indicating compensation rather than a market buy.
What type of security did Jon E. Bortz receive in his Hudson Pacific Properties (HPP) Form 4 filing?
He received common stock of Hudson Pacific Properties with a par value of $0.01 per share, tied to an award of restricted stock units. The footnote explains these restricted stock units vest in three equal installments over three years from the grant date.