Christopher Brent Smith - 10 Feb 2022 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role: President & Chief Exec. Off, Director
Signature: /s/ Laura P. Moon as Attorney-in-Fact for Christopher Brent Smith
Issuer symbol: PDM
Transactions as of: 10 Feb 2022
Net transactions value: -$126,274
Form type: 4
Filing time: 14 Feb 2022, 15:39:41 UTC
Previous filing: 04 Feb 2022
Next filing: 22 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDM	Common Stock	Options Exercise		+15,579	+7.6%		221,579	10 Feb 2022	Direct	F1, F2
transaction	PDM	Common Stock	Tax liability	$126,274	-7,494	-3.4%	$16.85	214,085	10 Feb 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PDM	Restricted Stock Units	Award	$0	+62,315	+125%	$0.000000	112,150	10 Feb 2022	Common Stock	62,315	$0.000000	Direct	F2, F4
transaction	PDM	Restricted Stock Units	Options Exercise	$0	-15,579	-14%	$0.000000	96,571	10 Feb 2022	Common Stock	15,579	$0.000000	Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the vesting of 25% of an initial grant on February 10, 2022 of restricted stock units, which were settled in PDM common stock.
F2	Each restricted stock unit represents a contingent right to receive one share of PDM common stock. Restricted stock units may be settled in cash or common stock at PDM's election.
F3	In connection with the vesting reported above, 7,494 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
F4	On February 10, 2022, the reporting person was granted 62,315 restricted stock units, vesting in four equal, annual installments beginning on the grant date.