Hudson Pacific (NYSE: HPP) COO receives 9,719 LTIP Units award

Rhea-AI Filing Summary

Hudson Pacific Properties, Inc. Chief Operating Officer Andy Wattula reported an equity award of 9,719 LTIP Units, acquired as a grant with no purchase price. These LTIP Units were earned based on operational performance metrics for the 2023 fiscal year and relative total shareholder return goals measured from January 1, 2023 through December 31, 2025.

The LTIP Units vested in full on December 31, 2025 and are subject to a mandatory two-year holding period during which the executive generally cannot sell them. Following this award, Wattula directly holds 100,316 LTIP Units, which may become convertible into Common Units and ultimately redeemable for cash or shares of common stock under the plan’s terms.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wattula Andy

(Last) (First) (Middle)

C/O HUDSON PACIFIC PROPERTIES, INC.

11601 WILSHIRE BLVD., NINTH FLOOR

(Street)

LOS ANGELES CA 90025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hudson Pacific Properties, Inc. [ HPP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units(1)(2)	(1)	02/16/2026		A		9,719		(2)	(3)	Common Stock, par value $0.01	9,719	(1)	100,316	D

Explanation of Responses:

1. LTIP Units are a class of limited partnership units in Hudson Pacific Properties, L.P. (the "Operating Partnership"), the operating partnership of Hudson Pacific Properties, Inc. (the "Company") and are granted pursuant to the Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. 2010 Incentive Award Plan. Initially, LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions. If such parity is reached, vested LTIP Units may be converted into an equal number of Common Units at any time thereafter, and, upon conversion, enjoy all the rights of Common Units. Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of Common Stock, or, at the election of the Company, an equal number of shares of Common Stock, each subject to adjustment in the event of stock splits, specified extraordinary distributions or similar events.

2. Represents the number of LTIP Units earned based on the achievement of operational performance metrics over the one-year performance period beginning January 1, 2023 and ending December 31, 2023 and the Company's achievement of relative total shareholder return goals over the three-year performance period commencing January 1, 2023 and ending December 31, 2025. The LTIP Units vested in full on December 31, 2025. The LTIP Units are subject to a mandatory holding period under which the executives generally cannot sell the vested LTIP Units for an additional two years following the vesting date.

3. The rights to convert LTIP Units into Common Units and redeem Common Units for cash or shares of Common Stock do not have expiration dates.

Remarks:

	/s/ Andy Wattula	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did HPP Chief Operating Officer Andy Wattula report on this Form 4?

Andy Wattula reported acquiring 9,719 LTIP Units as an equity award. These units were granted with no purchase price and increase his direct holdings to 100,316 LTIP Units under Hudson Pacific Properties’ long-term incentive program.

How were the 9,719 LTIP Units for HPP’s COO earned?

The 9,719 LTIP Units were earned based on operational performance metrics for 2023 and relative total shareholder return goals from January 1, 2023 through December 31, 2025. This links the award directly to both company operations and shareholder return performance over defined periods.

When did Andy Wattula’s HPP LTIP Units vest and are there restrictions?

The LTIP Units vested in full on December 31, 2025, but remain subject to a mandatory holding period. Executives generally cannot sell these vested LTIP Units for two additional years following the vesting date, extending the effective investment horizon of the award.

What is the total number of LTIP Units HPP’s COO holds after this award?

Following this grant, Andy Wattula directly holds 100,316 LTIP Units. This total reflects his position in Hudson Pacific Properties’ operating partnership incentive structure and may later be convertible into Common Units with associated redemption rights, subject to plan terms.

Do the LTIP Units granted to HPP’s COO have an expiration date?

The rights to convert LTIP Units into Common Units and redeem Common Units for cash or shares of common stock do not have expiration dates. This provides long-term flexibility under Hudson Pacific Properties’ incentive arrangements, subject to vesting, holding periods, and plan conditions.

Can the LTIP Units reported by HPP’s COO be exchanged for common stock?

Once LTIP Units reach parity and are converted into Common Units, those Common Units are redeemable for cash based on the fair market value of equivalent common shares, or an equal number of common shares, at the company’s election, with customary adjustment provisions.