Barton Christopher James 4

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.