Robert E. Bowers - 10 Feb 2023 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Reporting relationship: EVP-CFO&Admin Off
Issuer ticker: PDM
Reported as of: 10 Feb 2023
Net transaction value: -$105,523
SEC form: 4
Accepted by SEC: 14 Feb 2023, 15:58:34 UTC
Prior SEC filing: 03 Feb 2023
Next SEC filing: 21 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/ Laura P. Moon as Attorney-in-Fact for Robert E. Bowers

Filing notes and source

Key filing fact

Robert E. Bowers filed Form 4 for Piedmont Office Realty Trust, Inc. (PDM) on 14 Feb 2023.

Key facts

This page summarizes Robert E. Bowers's Form 4 filing for Piedmont Office Realty Trust, Inc. (PDM).
7 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 14 Feb 2023, 15:58.

Change

Previous filing in this sequence was filed on 03 Feb 2023.
Current net transaction value: -$105,523.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PDM transaction

Common Stock

Options Exercise

Transaction value
Shares: +8,160
Change %: +2.5%
Price
Shares after: 332,214
Date: 10 Feb 2023
Ownership: Direct
Footnotes: F1, F2

PDM transaction

Common Stock

Tax liability

Transaction value: $40,820
Shares: -3,925
Change %: -1.2%
Price: $10.40
Shares after: 328,289
Date: 10 Feb 2023
Ownership: Direct
Footnotes: F1

PDM transaction

Common Stock

Options Exercise

Transaction value
Shares: +12,749
Change %: +3.9%
Price
Shares after: 341,038
Date: 13 Feb 2023
Ownership: Direct
Footnotes: F2, F3

PDM transaction

Common Stock

Tax liability

Transaction value: $64,703
Shares: -6,133
Change %: -1.8%
Price: $10.55
Shares after: 334,905
Date: 13 Feb 2023
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PDM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -8,160
Change %: -19%
Price: $0.000000
Shares after: 35,557
Date: 10 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,160
Exercise price: $0.000000
Footnotes: F1, F2

PDM transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +50,995
Change %: +143%
Price: $0.000000
Shares after: 86,552
Date: 13 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 50,995
Exercise price: $0.000000
Footnotes: F2, F3

PDM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -12,749
Change %: -15%
Price: $0.000000
Shares after: 73,803
Date: 13 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,749
Exercise price: $0.000000
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On February 10, 2022, the reporting person was granted 32,641 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 10, 2023, 25% of the grant vested (8,160 shares), and were settled in PDM common stock. In connection with this vesting, 3,925 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

Footnote 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.

Footnote F3

On February 13, 2023, the reporting person was granted 50,995 restricted stock units, vesting in four equal, annual installments beginning on the grant date. As such, 25% of the grant vested (12,749 shares) on February 13, 2023, and were settled in PDM common stock. In connection with this vesting, 6,133 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.