Joseph H. Pangburn - Nov 7, 2022 Form 4/A - Amendment Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role
EVP- Southwest Region
Signature
/s/ Laura P. Moon as Attorney-in-Fact for Joseph H. Pangburn
Stock symbol
PDM
Transactions as of
Nov 7, 2022
Transactions value $
-$53,478
Form type
4/A - Amendment
Date filed
11/18/2022, 03:30 PM
Date Of Original Report
Nov 9, 2022
Previous 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 $0 +9.6K +16.35% $0.00 68.3K Nov 7, 2022 Direct F1
transaction PDM Common Stock Award $0 +11.7K +17.11% $0.00 80K Nov 7, 2022 Direct F2
transaction PDM Common Stock Tax liability -$53.5K -5.19K -6.49% $10.31 74.8K Nov 7, 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 Options Exercise $0 -9.6K -100% $0.00* 0 Nov 7, 2022 Common Stock 9.6K $0.00 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joseph H. Pangburn is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 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.
F2 Shares were granted on a pro-rata basis without restriction pursuant to the performance share component of the Long Term Incentive Compensation plan for the 2020-2022,2021-2023, and 2022-2024 performance periods.
F3 In connection with the vesting of 21,283 shares of common stock on November 7, 2022, 5,187 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations. Such shares were not reflected in the original Form 4 filing on November 9, 2022, as the Company received tax election instructions from the reporting person subsequent to the due date of the original filing.
F4 Remaining outstanding restricted stock units vested on November 7, 2022.