Hudson Pacific (NYSE: HPP) director receives 7,462-share equity grant and holds 32,416 shares
Rhea-AI Filing Summary
HARRIS ROBERT L II reported acquisition or exercise transactions in this Form 4 filing.
Hudson Pacific Properties director Robert L. Harris II received a grant of 7,462 shares of common stock as an equity award. The award is structured as restricted stock units that will vest in three equal installments on the first, second and third anniversaries of the grant date. Following this grant, Harris directly holds 32,416 shares of Hudson Pacific Properties common stock. The share amounts reported reflect a previously effected one-for-seven reverse stock split of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,462 shares
Net Buy
1 txn
Insider
HARRIS ROBERT L II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 7,462 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.01 — 32,416 shares (Direct)
Footnotes (2)
- F1. Award of restricted stock units will vest in three equal installments on the first, second and third anniversaries of the grant date.
- F2. On December 2, 2025, the Company effected a one-for-seven reverse stock split of its Common Stock (the "Reverse Stock Split"). The number of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.
Key Figures
Shares granted: 7,462 shares
Post-transaction holdings: 32,416 shares
Grant price: $0.00 per share
+1 more
4 metrics
Shares granted
7,462 shares
Restricted stock unit award on May 28, 2026
Post-transaction holdings
32,416 shares
Common stock held directly after grant
Grant price
$0.00 per share
Equity award, no cash paid by director
Reverse stock split ratio
1-for-7
Reverse split effective December 2, 2025; figures adjusted
Key Terms
restricted stock units, reverse stock split, grant, award, or other acquisition
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.
reverse stock split financial
"the Company effected a one-for-seven reverse stock split of its Common Stock"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Hudson Pacific Properties (HPP) director Robert L. Harris II report on this Form 4?
Robert L. Harris II reported receiving an equity grant of 7,462 shares of Hudson Pacific Properties common stock. These were granted at no cash cost and are structured as restricted stock units that vest over time, reflecting routine director compensation rather than an open-market purchase.
Was cash involved in the Hudson Pacific Properties (HPP) director’s Form 4 transaction?
No cash changed hands in this transaction; the 7,462 shares were granted at a price of $0.00 per share. The filing characterizes the event as a grant or award acquisition, consistent with stock-based compensation rather than a market-based purchase or sale of existing shares.