Thomas R. Prescott - Feb 10, 2022 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role
EVP-Midwest Rgn-CoHead Devlpmt
Signature
/s/ Laura P. Moon as Attorney-in-Fact for Thomas R. Prescott
Stock symbol
PDM
Transactions as of
Feb 10, 2022
Transactions value $
-$16,715
Form type
4
Date filed
2/14/2022, 03:45 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 +2.52K +3.25% 80.1K Feb 10, 2022 Direct F1, F2
transaction PDM Common Stock Tax liability -$16.7K -992 -1.24% $16.85 79.1K 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 +10.1K +91.21% $0.00 21.2K Feb 10, 2022 Common Stock 10.1K $0.00 Direct F2, F4
transaction PDM Restricted Stock Units Options Exercise $0 -2.52K -11.93% $0.00 18.6K Feb 10, 2022 Common Stock 2.52K $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, 992 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 10,089 restricted stock units, vesting in four equal, annual installments beginning on the grant date.