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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.
Hudson Pacific Properties, Inc. reported that Chief Executive Officer Victor J. Coleman acquired 77,757 LTIP Units as a grant under the company’s 2010 Incentive Award Plan. These LTIP Units were earned based on operational performance for the year beginning January 1, 2023 and relative total shareholder return over a three-year period ending 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. Once they reach full 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. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.
Hudson Pacific Properties, Inc. reported that President Mark T. Lammas acquired 34,018 LTIP Units as a grant under the company’s 2010 incentive plan. These are performance-based partnership units that brought his directly held LTIP balance to 294,769 units after the transaction.
The units were earned based on operational performance for the year beginning January 1, 2023 and relative total shareholder return for the three-year period starting January 1, 2023 and ending December 31, 2025. The LTIP Units vested in full on December 31, 2025 and are subject to a mandatory two-year holding period after vesting.
Once they reach parity with common partnership units, vested LTIP Units may be converted into an equal number of common units and then redeemed for cash based on the fair market value of the company’s common stock, or, at the company’s election, shares of common stock. The rights to convert and redeem do not have expiration dates.
Hudson Pacific Properties, Inc. reported that Chief Financial Officer Harout Krikor Diramerian acquired 12,149 LTIP Units as an equity award. These LTIP Units were earned based on operational performance from January 1, 2023 to December 31, 2023 and relative total shareholder return from January 1, 2023 to 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 grant, the executive holds 96,391 LTIP Units directly. Vested LTIP Units can potentially be converted into partnership units and ultimately redeemed for cash or common stock, with no stated expiration on these rights.
Suazo Arthur X. reported acquisition or exercise transactions in this Form 4 filing.
Hudson Pacific Properties, Inc. executive vice president of leasing Arthur X. Suazo reported an award of 9,719 LTIP Units. These units were granted at a price of $0.00 per unit and increased his directly held LTIP Units to 150,210.
The LTIP Units were earned based on operational performance metrics for the period from January 1, 2023 to December 31, 2023 and the company’s relative total shareholder return over a three-year period ending December 31, 2025. They vested in full on December 31, 2025 and are subject to an additional two-year mandatory holding period.
Hudson Pacific Properties, Inc. reported that Executive VP and General Counsel Kay Lee Tidwell acquired 9,719 LTIP Units as an equity award. The award carried a stated price of $0.00 per unit and increased her directly held LTIP Units to 94,778.
According to the disclosure, these LTIP Units were earned based on operational performance metrics for the one-year period beginning January 1, 2023 and ending December 31, 2023, and on relative total shareholder return over a three-year period from January 1, 2023 to December 31, 2025. The LTIP Units vested in full on December 31, 2025 and are subject to a mandatory holding period, during which executives generally cannot sell them for an additional two years.
The LTIP Units are a class of limited partnership units in Hudson Pacific Properties, L.P. that may, once full parity with common units is reached and the awards are vested, be converted into an equal number of common units and ultimately redeemed for cash or shares of common stock. The filing notes that the reported numbers reflect a one-for-seven reverse stock split completed on December 2, 2025.
Hudson Pacific Properties, Inc. executive Christopher James Barton, EVP, Development & Capital Investments, reported the acquisition of 9,719 LTIP Units on February 16, 2026 as a grant/award at a price of $0.0000 per unit. These LTIP Units were earned based on operational performance metrics for the period from January 1, 2023 to December 31, 2023 and the Company’s relative total shareholder return goals over the three-year period from January 1, 2023 to December 31, 2025, and they vested in full on December 31, 2025. The LTIP Units are subject to a mandatory two-year holding period after vesting. LTIP Units are limited partnership units in Hudson Pacific Properties, L.P. that may, once they reach parity and are vested, be converted into Common Units, which are redeemable for cash or an equal number of shares of common stock, with no expiration on these conversion or redemption rights. The amounts reported reflect a one-for-seven reverse stock split of the Company’s common stock that became effective on December 2, 2025.
Hudson Pacific Properties, Inc. executive Sanford Dale Shimoda, EVP Finance, reported receiving a grant of 7,775 LTIP Units in Hudson Pacific Properties, L.P. These units were awarded at a price of $0.00 per unit, increasing his directly held LTIP Units to 64,596.
The LTIP Units were earned based on operational performance over a one-year period starting January 1, 2023 and the company’s relative total shareholder return over a three-year period ending December 31, 2025. They vested in full on December 31, 2025 and are subject to a mandatory two-year holding period after vesting.
LTIP Units are a class of partnership units that can, once they reach parity with common partnership units, be converted into an equal number of Common Units, which in turn may be redeemed for cash or 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 completed on December 2, 2025.
Hudson Pacific Properties, Inc. reported that Chief Executive Officer and director Victor J. Coleman received new equity awards on January 7, 2026. He was granted 190,476 LTIP Units, which vest in three equal installments on the first, second and third anniversaries of January 1, 2026, with an additional three-year holding period after each vesting date. He was also awarded up to 95,238 performance-based LTIP Units, which may be earned based on the Company’s relative total shareholder return from January 1, 2026 through December 31, 2028 and continued service through December 31, 2028, followed by a two-year holding period. LTIP Units are partnership units in the operating partnership that, once vested and at parity, can be converted into Common Units and ultimately into cash or shares of common stock, with no expiration date. Following these grants, Coleman beneficially owns 577,561 LTIP Units and 95,238 performance LTIP Units, adjusted for a one-for-seven reverse stock split effected on December 2, 2025.
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.