Hudson Pacific (HPP) Awards COO 25,396 LTIP Units With Multi-Year Vesting

Rhea-AI Filing Summary

Hudson Pacific Properties, Inc. disclosed that its Chief Operating Officer, Andy Wattula, received an equity award of 25,396 LTIP Units on January 7, 2026 at a price of $0.00 per unit, increasing his beneficially owned LTIP Units to 90,597, held directly.

The LTIP Units are a class of limited partnership units in Hudson Pacific Properties, L.P. granted under the company’s 2010 Incentive Award Plan. They vest in thirds on each of the first, second and third anniversaries of January 1, 2026, subject to continued service, and are subject to an additional three-year holding period after each vesting date. Once they reach parity with common partnership units, vested LTIP Units can be converted into an equal number of Common Units, which are redeemable for cash or, at the company’s election, shares of common stock. The rights to convert and redeem do not have expiration dates, and the reported amounts reflect a one-for-seven reverse stock split effective December 2, 2025.

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

OMB APPROVAL

OMB Number:			3235-0287
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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)
01/07/2026

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)	01/07/2026		A		25,396		(2)	(3)	Common Stock, par value $0.01	25,396	(1)	90,597(4)	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. The LTIP Units will vest with respect to one-third of the LTIP Units on each of the first, second and third anniversaries of January 1, 2026, subject to the executive's continued service through the applicable vesting date. The LTIP Units are subject to a mandatory holding period under which the executives generally cannot sell the vested LTIP Units for an additional three 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.

4. 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.

Remarks:

	/s/ Andy Wattula	01/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Hudson Pacific Properties (HPP) report for January 7, 2026?

Hudson Pacific Properties reported that its Chief Operating Officer, Andy Wattula, was granted 25,396 LTIP Units on January 7, 2026 at a price of $0.00 per unit.

How many LTIP Units does Hudson Pacific COO Andy Wattula own after this grant?

Following the reported transaction, Andy Wattula beneficially owns 90,597 LTIP Units, held in a direct ownership form.

What are LTIP Units in Hudson Pacific Properties, L.P.?

LTIP Units are a class of limited partnership units in Hudson Pacific Properties, L.P., granted under the 2010 Incentive Award Plan. Once they achieve parity with common partnership units, vested LTIP Units may be converted into an equal number of Common Units, which are redeemable for cash or, at the company’s election, an equal number of shares of common stock.

What are the vesting terms for the 25,396 LTIP Units granted to HPP’s COO?

The 25,396 LTIP Units will vest in three equal installments of one-third each on the first, second and third anniversaries of January 1, 2026, subject to the executive’s continued service through each applicable vesting date.

Is there a holding period on the vested LTIP Units at Hudson Pacific Properties?

Yes. The LTIP Units are subject to a mandatory holding period under which executives generally cannot sell the vested LTIP Units for an additional three years following each vesting date.

Do the conversion and redemption rights on Hudson Pacific LTIP Units expire?

No. The rights to convert LTIP Units into Common Units and to redeem Common Units for cash or shares of common stock do not have expiration dates.

How did the reverse stock split affect the LTIP Units reported for HPP?

On December 2, 2025, Hudson Pacific effected a one-for-seven reverse stock split of its common stock, and the number of securities reported in this insider transaction has been adjusted to reflect that reverse stock split.