Barton Christopher James 4
4 · Hudson Pacific Properties, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Hudson Pacific (HPP) EVP Christopher Barton Receives LTIP Award
What Happened
Christopher James Barton, EVP of Development & Capital Investments at Hudson Pacific Properties (HPP), was granted/acquired 9,719 LTIP Units (a derivative award) on 2026-02-16. No cash price is reported for this transaction (award/derivative), and the units reflect performance-based compensation that vested in full on December 31, 2025.
Key Details
- Transaction date reported: February 16, 2026; Form 4 filed February 18, 2026 (filed within the typical two-business-day window).
- Transaction type/code: A — Award/Acquisition of derivative securities (LTIP Units). Reported price: N/A.
- Number of units: 9,719 LTIP Units (adjusted for the company’s 1-for-7 reverse stock split).
- Shares/units owned after the transaction: Not disclosed in the provided data.
- Notable footnotes:
- LTIP Units are limited partnership units in Hudson Pacific Properties, L.P., granted under the company’s Incentive Award Plan and initially lack full parity with common limited partnership units (F1).
- These LTIP Units were earned based on 2023 operational performance and relative total shareholder return over 2023–2025; they vested in full on 12/31/2025 and are subject to a mandatory two‑year holding period before executives may sell (F2).
- Conversion rights to common units and redemption rights have no expiration (F3).
- Reported unit counts reflect the company’s 1-for-7 reverse stock split effective December 2, 2025 (F4).
Context
LTIP Units are a form of long-term, performance-based compensation. They are derivative limited partnership units that can, if parity is achieved, be converted into common partnership units or redeemed for cash or common shares; the filing shows this was an earned/vested award rather than a market purchase or sale. The two‑year mandatory holding period means these vested units cannot be sold immediately, so this transaction is compensation realization rather than an immediate insider buy or sale signal.
Insider Transaction Report
- Award
LTIP Units
[F1][F2][F3][F4]2026-02-16+9,719→ 91,907 total→ Common Stock, par value $.01 (9,719 underlying)
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.