Laura P. Moon - Feb 17, 2024 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role
SVP- CAO
Signature
/s/ Laura P. Moon
Stock symbol
PDM
Transactions as of
Feb 17, 2024
Transactions value $
-$4,143
Form type
4
Date filed
2/21/2024, 04:23 PM
Previous filing
Feb 14, 2024
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +1.36K +2.48% 55.9K Feb 17, 2024 Direct F1, F2
transaction PDM Common Stock Tax liability -$4.14K -612 -1.09% $6.77 55.3K Feb 17, 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 -1.36K -7.24% $0.00 17.4K Feb 17, 2024 Common Stock 1.36K $0.00 Direct F1, F2
transaction PDM Restricted Stock Units Award $0 +16K +92.3% $0.00 33.4K Feb 20, 2024 Common Stock 16K $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 deferred stock unit represents a contingent right to receive one share of PDM common stock. Deferred stock units may be settled in cash or common stock at PDM's election.
F2 On February 17, 2021, the reporting person was granted 5,423 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 17, 2024, the final 25% of the grant vested (1,355 shares) and were settled in PDM common stock. In connection with this vesting, 612 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
F3 On February 20, 2024, the reporting person was granted 16,031 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.