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

Role: EVP- Capital&Strategy
Signature: /s/ Laura P. Moon as Attorney-in-Fact for Christopher A. Kollme
Issuer symbol: PDM
Transactions as of: 10 Feb 2022
Net transactions value: -$13,935
Form type: 4
Filing time: 14 Feb 2022, 15:43:21 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		+2,745	+4.7%		61,317	10 Feb 2022	Direct	F1, F2
transaction	PDM	Common Stock	Tax liability	$13,935	-827	-1.3%	$16.85	60,490	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	+10,979	+91%	$0.000000	23,002	10 Feb 2022	Common Stock	10,979	$0.000000	Direct	F2, F4
transaction	PDM	Restricted Stock Units	Options Exercise	$0	-2,745	-12%	$0.000000	20,257	10 Feb 2022	Common Stock	2,745	$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, 827 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 10,979 restricted stock units, vesting in four equal, annual installments beginning on the grant date.