XML 71 R51.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Stock-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Key Components of OPP Plan | The following table outlines key components of the 2021 PSU Plan:
| Operational Performance Unit |  | Relative TSR Performance Unit
Maximum bonus pool, in millions | $6.7 |  | $6.7
Performance period | 1/1/2021 to 12/31/2021 |  | 1/1/2021 to 12/31/2023
The following table outlines key components of the 2020 PSU Plan:
| Operational Performance Unit |  | Relative TSR Performance Unit
Maximum bonus pool, in millions | $14.9 |  | $14.9
Performance period | 1/1/2020 to 12/31/2020 |  | 1/1/2020 to 12/31/2022
The following table outlines key components of the 2019 OPP Plans:
| 2019 OPP Plan
Maximum bonus pool, in millions | $28.0
Performance period | 1/1/2019 to 12/31/2021
Schedule of Valuation Assumptions | The per unit fair value of the 2021 and 2020 PSU awards granted was estimated on the date of grant using the following assumptions in the Monte Carlo simulation:
| 2021 | 2020
Expected price volatility for the Company | 41.00% | 17.00%
Expected price volatility for the particular REIT index | 31.00% | 14.00%
Risk-free rate | 0.17% | 1.66%
Dividend yield | 3.50% | 2.80%
The per unit fair value of OPP awards granted was estimated on the date of grant using the following assumptions in the Monte Carlo simulation:
| 2019
Expected price volatility for the Company | 22.00%
Expected price volatility for the particular REIT index | 18.00%
Risk-free rate | 2.57%
Dividend yield | 3.00%
The per unit fair value of one-time retention awards granted was estimated on the date of grant using the following assumptions in the Monte Carlo simulation:
| Assumptions
Expected price volatility for the Company | 23.00%
Expected price volatility for the particular REIT index | 18.00%
Risk-free rate | 1.63%
Dividend yield | 3.20%
Summary of Activity and Status of Unvested Stock Awards | The following table summarizes the activity and status of all unvested stock awards:
|  | 2021 |  | 2020 |  | 2019
|  | Shares |  | Weighted-Average Grant-Date Fair Value |  | Shares |  | Weighted-Average Grant-Date Fair Value |  | Shares |  | Weighted-Average Grant-Date Fair Value
Unvested at January 1 |  | 442,645 |  |  | $ | 27.44 |  |  | 459,784 |  |  | $ | 33.67 |  |  | 703,796 |  |  | $ | 32.93 |
Granted |  | 276,800 |  |  | 23.90 |  |  | 404,779 |  |  | 24.70 |  |  | 247,521 |  |  | 35.50 |
Vested |  | (203,329) |  |  | 28.33 |  |  | (420,970) |  |  | 31.61 |  |  | (470,019) |  |  | 32.88 |
Canceled |  | (8,582) |  |  | 26.21 |  |  | (948) |  |  | 29.91 |  |  | (21,514) |  |  | 34.16 |
Unvested at December 31 |  | 507,534 |  |  | $ | 25.17 |  |  | 442,645 |  |  | $ | 27.44 |  |  | 459,784 |  |  | $ | 33.67 |
Summary of Activity and Status of Unvested Performance Units | The following table summarizes the activity and status of all unvested time-based restricted operating partnership performance units:
| 2021 |  | 2020 |  | 2019
| Units |  | Weighted-Average Grant-Date Fair Value |  | Units |  | Weighted-Average Grant-Date Fair Value |  | Units |  | Weighted-Average Grant-Date Fair Value
Unvested at January 1 | 771,432 |  |  | $ | 27.08 |  |  | 608,679 |  |  | $ | 32.70 |  |  | 318,549 |  |  | $ | 28.41 |
Granted | 355,551 |  |  | 24.68 |  |  | 571,978 |  |  | 23.49 |  |  | 481,215 |  |  | 35.74 |
Vested | (349,804) |  |  | 29.85 |  |  | (409,225) |  |  | 30.42 |  |  | (191,085) |  |  | 30.37 |
Canceled | (95,785) |  |  | 23.49 |  |  | — |  |  | — |  |  | — |  |  | — |
Unvested at December 31 | 681,394 |  |  | $ | 24.91 |  |  | 771,432 |  |  | $ | 27.08 |  |  | 608,679 |  |  | $ | 32.70 |
Stock-Based Compensation Related to Company's Awards | The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards:
| For the Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Expensed stock compensation(1) | $ | 21,163 |  |  | $ | 22,723 |  |  | $ | 19,481 |
Capitalized stock compensation(2) | 3,524 |  |  | 3,306 |  |  | 951 |
Total stock compensation(3) | $ | 24,687 |  |  | $ | 26,029 |  |  | $ | 20,432 |
_________________ 1.Amounts are recorded in general and administrative expenses on the Consolidated Statements of Operations. 2.Amounts are recorded in investment in real estate, at cost on the Consolidated Balance Sheets. 3.Amounts are recorded in additional paid-in capital and non-controlling interest—units in the operating partnership on the Consolidated Balance Sheets.

X
- Definition Schedule Of Share-based Compensation Arrangement By Share-based Payment Award, Performance-based Units, Additional Information [Table Text Block] + References No definition available. + Details
Name: | hpp_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsAdditionalInformationTableTextBlock
Namespace Prefix: | hpp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration