Form 4: Hudson Pacific Properties COO Andy Wattula Reports Stock Transaction

Andy Wattula, Chief Operating Officer of Hudson Pacific Properties, reports the disposition of 2,670 shares of common stock to cover tax obligations.

Summary

• On February 27, 2024, Andy Wattula, the Chief Operating Officer of Hudson Pacific Properties, Inc. (HPP), disposed of 2,670 shares of common stock.
• The transaction was executed at a price of $6.5 per share.
• This disposition was related to covering tax obligations.
• Following the transaction, Wattula directly owns 70,424 shares of HPP common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the COO in this case, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transaction itself is unlikely to have a significant impact on stakeholders, as it is a relatively small number of shares being disposed of by an individual officer to cover tax obligations.

Key Dates