Christopher Brent Smith - Feb 10, 2024 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role
President & Chief Exec. Off, Director
Signature
/s/ Laura P. Moon as Attorney-in-Fact for Christopher Brent Smith
Stock symbol
PDM
Transactions as of
Feb 10, 2024
Transactions value $
-$54,158
Form type
4
Date filed
2/13/2024, 04:53 PM
Previous filing
Jul 5, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +15.6K +5.72% 288K Feb 10, 2024 Direct F1, F2
transaction PDM Common Stock Tax liability -$54.2K -8.18K -2.84% $6.62 280K Feb 10, 2024 Direct F2

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 -15.6K -5.35% $0.00 275K Feb 10, 2024 Common Stock 15.6K $0.00 Direct F1, F2
* 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 February 10, 2022, the reporting person was granted 62,315 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 10, 2024, 25% of the grant vested (15,579 shares), and were settled in PDM common stock. In connection with this vesting, 8,181 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.