Christopher Brent Smith - Feb 13, 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 13, 2024
Transactions value $
-$115,812
Form type
4
Date filed
2/14/2024, 04:34 PM
Previous filing
Feb 13, 2024
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +37.7K +13.47% 317K Feb 13, 2024 Direct F1, F2
transaction PDM Common Stock Tax liability -$116K -18.1K -5.71% $6.39 299K Feb 13, 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 -37.7K -13.68% $0.00 238K Feb 13, 2024 Common Stock 37.7K $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 13, 2023, the reporting person was granted 150,711 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 13, 2024, 25% of the grant vested (37,678 shares), and were settled in PDM common stock. In connection with this vesting, 18,124 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.