BORTZ JON E 4
Research Summary
AI-generated summary
Hudson Pacific (HPP) Director Jon Bortz Receives 7,462 RSUs
What Happened
- Jon E. Bortz, a director of Hudson Pacific Properties, was awarded 7,462 restricted stock units (RSUs) on May 28, 2026. The award is recorded at $0.00 per share (grant), i.e., no cash purchase. This is a compensation grant rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-28; transaction code: A (award/grant); price per share reported: $0.00.
- Shares received: 7,462 RSUs.
- Shares owned after transaction: Not reported in the provided filing.
- Vesting/other footnote: The RSUs vest in three equal installments on the first, second and third anniversaries of the grant date (per footnote).
- Filing timeliness: Report filed 2026-06-01, within the Form 4 two-business-day filing window following the May 28 transaction.
Context
- RSU grants are a form of compensation and do not represent an immediate cash investment by the insider; vested RSUs convert into shares (subject to the vesting schedule and any withholding).
- Such director awards are common and do not, by themselves, indicate insider buying or selling intent in the market.