Thomas R. Prescott - Feb 17, 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 17, 2022
Transactions value $
-$28,430
Form type
4
Date filed
2/22/2022, 03:38 PM
Previous filing
Feb 14, 2022
Next filing
May 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +2.6K +3.28% 81.7K Feb 17, 2022 Direct F1, F2
transaction PDM Common Stock Tax liability -$17.5K -1.02K -1.25% $17.11 80.7K Feb 17, 2022 Direct F3
transaction PDM Common Stock Options Exercise +1.64K +2.03% 82.3K Feb 19, 2022 Direct F2, F4
transaction PDM Common Stock Tax liability -$11K -645 -0.78% $17.02 81.7K Feb 19, 2022 Direct F5

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 Options Exercise $0 -2.6K -13.93% $0.00 16K Feb 17, 2022 Common Stock 2.6K $0.00 Direct F2, F6
transaction PDM Restricted Stock Units Options Exercise $0 -1.64K -10.22% $0.00 14.4K Feb 19, 2022 Common Stock 1.64K $0.00 Direct F2, F7
* 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 a grant issued on February 17, 2021 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 on February 17, 2022 reported above, 1,020 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
F4 Represents the vesting of 25% of a grant issued on February 19, 2020 of restricted stock units, which were settled in PDM common stock.
F5 In connection with the vesting on February 19, 2022 reported above, 645 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
F6 On February 17, 2021, the reporting person was granted 10,379 restricted stock units, vesting in four equal, annual installments beginning on the grant date.
F7 On February 19, 2020, the reporting person was granted 6,555 restricted stock units, vesting in four equal, annual installments beginning on the grant date.