On January 26, 2022, the Board of Trustees of Equity Commonwealth promoted William (Bill) H. Griffiths from Senior Vice President, Chief Financial Officer and Treasurer of the Company to Executive Vice President, Chief Financial Officer and Treasurer of the Company, effective February 14, 2022. On January 26, 2022, EQC's Compensation Committee approved, among other items, the following compensation-related actions for Mr. Griffiths. These compensation-related actions recognize Mr. Griffiths' increased responsibilities following his promotion from Senior Vice President - Capital Markets to Senior Vice President, Chief Financial Officer and Treasurer of the Company (as approved by the Board of Trustees on March 1, 2021 and effective as of April 1, 2021), Mr. Griffiths' contributions to the Company during 2021, and Mr. Griffiths' promotion to Executive Vice President,
Chief Financial Officer and Treasurer of the Company.