leadership
confidence high
sentiment neutral
materiality 0.40
Hudson Pacific amends exec employment agreements; enhanced change-in-control severance effective Jan 1, 2025
Hudson Pacific Properties, Inc.
- Amended agreements for CEO Coleman, President Lammas, CFO Diramerian, CAO Suazo effective Jan 1, 2025 for 5-year terms.
- Change-in-control severance now includes lump-sum cash equal to pro-rated most recent time-based annual equity value.
- If termination before Dec 31, 2025, equity value set at $4M for Coleman, $1.75M for Lammas, $625k for Diramerian.
- Severance eligibility period extended from 1 to 2 years post-change-in-control for Lammas, Diramerian, Suazo.