Christopher Brent Smith - Feb 10, 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
Stock symbol
PDM
Transactions as of
Feb 10, 2022
Transactions value $
-$126,274
Form type
4
Date filed
2/14/2022, 03:39 PM
Previous filing
Feb 4, 2022
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +15.6K +7.56% 222K Feb 10, 2022 Direct F1, F2
transaction PDM Common Stock Tax liability -$126K -7.49K -3.38% $16.85 214K Feb 10, 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 +62.3K +125.04% $0.00 112K Feb 10, 2022 Common Stock 62.3K $0.00 Direct F2, F4
transaction PDM Restricted Stock Units Options Exercise $0 -15.6K -13.89% $0.00 96.6K Feb 10, 2022 Common Stock 15.6K $0.00 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.