Jeffrey L. Swope - May 10, 2023 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role: Director
Signature: /s/ Laura P. Moon as Attorney-in-Fact for Jeffrey L. Swope
Stock symbol: PDM
Transactions as of: May 10, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/12/2023, 04:40 PM
Previous filing: Mar 21, 2023
Next filing: May 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDM	Common Stock	Options Exercise		+6.84K	+11.59%		65.8K	May 10, 2023	Direct	F1, F2
holding	PDM	Common Stock						198K	May 10, 2023	By Champion Operating Partnership II, Ltd.

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	-6.84K	-100%	$0.00^*	0	May 10, 2023	Common Stock	6.84K	$0.00	Direct	F1, F2
transaction	PDM	Restricted Stock Units	Award	$0	+15.2K		$0.00	15.2K	May 10, 2023	Common Stock	15.2K	$0.00	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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	On May 11, 2022, the reporting person was granted 6,839 restricted stock units, which vested at the 2023 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc. on May 10, 2023, and were settled in PDM common stock.
F3	On May 10, 2023, at the 2023 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc., the reporting person was granted 15,220 restricted stock units, which will vest on the earlier of the 2024 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2024.