Hudson Pacific (NYSE: HPP) grants EVP 31,746 LTIP Units with vesting terms

Rhea-AI Filing Summary

Hudson Pacific Properties EVP, Leasing Arthur X. Suazo received an award of 31,746 LTIP Units on January 7, 2026 at no cash cost, increasing his derivative holdings to 140,491 LTIP Units. These LTIP Units are partnership units in Hudson Pacific Properties, L.P. granted under the company’s 2010 incentive award plan. They can reach parity with common partnership units and then be converted into an equal number of Common Units, which are redeemable for cash or an equal number of shares of common stock. One-third of the LTIP Units will vest on each of the first, second and third anniversaries of January 1, 2026, subject to continued service, and vested units are generally subject to an additional three-year holding period. The rights to convert LTIP Units and redeem Common Units do not have expiration dates, and the reported amounts reflect a one-for-seven reverse stock split completed on 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

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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^*

Suazo Arthur X.

(Last) (First) (Middle)

11601 WILSHIRE BLVD. SUITE 900

(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)
	EVP, Leasing

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		31,746		(2)	(3)	Common Stock, par value $.01	31,746	(1)	140,491(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/ Arthur X. Suazo	01/09/2026
	** 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).
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FAQ

What insider transaction did Hudson Pacific Properties EVP Arthur X. Suazo report for HPP?

Arthur X. Suazo, EVP, Leasing of Hudson Pacific Properties, Inc. (HPP), reported the acquisition of 31,746 LTIP Units on January 7, 2026. Following this grant, he beneficially owned 140,491 LTIP Units on a direct basis.

What are LTIP Units in Hudson Pacific Properties, Inc. for HPP investors?

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

What is the vesting schedule for the 31,746 LTIP Units granted to the HPP executive?

The 31,746 LTIP Units granted to the executive will vest in three equal installments. One-third of the units vests on each of 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 (HPP)?

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

Do the LTIP Units or related rights have expiration dates for HPP insiders?

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, according to the disclosure. These rights remain outstanding so long as the units are held and the conditions of the plan are met.

How did Hudson Pacific Properties’ reverse stock split affect the reported LTIP Units?

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

At what price were the 31,746 LTIP Units granted to the Hudson Pacific EVP?

The 31,746 LTIP Units reported for the January 7, 2026 transaction were acquired at a price per unit of $0.0000, indicating they were granted as part of the equity incentive arrangement rather than purchased on the open market.