Robert E. Bowers - 17 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: 17 Feb 2023
Net transaction value: -$57,720
SEC form: 4
Accepted by SEC: 21 Feb 2023, 15:38:43 UTC
Prior SEC filing: 14 Feb 2023
Next SEC filing: 27 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 21 Feb 2023.

Key facts

This page summarizes Robert E. Bowers's Form 4 filing for Piedmont Office Realty Trust, Inc. (PDM).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 21 Feb 2023, 15:38.

Change

Previous filing in this sequence was filed on 14 Feb 2023.
Current net transaction value: -$57,720.

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: +7,289
Change %: +2.2%
Price
Shares after: 342,194
Date: 17 Feb 2023
Ownership: Direct
Footnotes: F1, F2

PDM transaction

Common Stock

Tax liability

Transaction value: $35,210
Shares: -3,507
Change %: -1%
Price: $10.04
Shares after: 338,687
Date: 17 Feb 2023
Ownership: Direct
Footnotes: F1

PDM transaction

Common Stock

Options Exercise

Transaction value
Shares: +4,660
Change %: +1.4%
Price
Shares after: 343,347
Date: 19 Feb 2023
Ownership: Direct
Footnotes: F2, F3

PDM transaction

Common Stock

Tax liability

Transaction value: $22,510
Shares: -2,242
Change %: -0.65%
Price: $10.04
Shares after: 341,105
Date: 19 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: -7,289
Change %: -9.9%
Price: $0.000000
Shares after: 66,514
Date: 17 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,289
Exercise price: $0.000000
Footnotes: F1, F2

PDM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,660
Change %: -7%
Price: $0.000000
Shares after: 61,854
Date: 19 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,660
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 17, 2021, the reporting person was granted 29,155 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 17, 2023, 25% of the grant vested (7,289 shares) and were settled in PDM common stock. In connection with this vesting, 3,507 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 19, 2020, the reporting person was granted 18,640 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 19, 2023, the final 25% of the grant vested (4,660 shares) and were settled in PDM common stock. In connection with this vesting, 2,242 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.