Laura P. Moon - 23 Feb 2024 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role
SVP- CAO
Signature
/s/ Laura P. Moon
Issuer symbol
PDM
Transactions as of
23 Feb 2024
Net transactions value
-$7,313
Form type
4
Filing time
27 Feb 2024, 16:35:30 UTC
Previous filing
21 Feb 2024
Next filing
29 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +2,640 +4.8% 57,975 23 Feb 2024 Direct F1, F2, F3
transaction PDM Common Stock Tax liability $7,313 -1,191 -2.1% $6.14 56,784 23 Feb 2024 Direct F2, F3

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 -2,640 -7.9% $0.000000 30,759 23 Feb 2024 Common Stock 2,640 $0.000000 Direct F1, F2
* 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 23, 2023, the reporting person was granted 10,560 restricted stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 23, 2024, the initial 25% of the grant vested (2,640 shares) and were settled in PDM common stock. In connection with this vesting, 1,191 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
F3 The balance includes shares obtained through Piedmont's dividend reinvestment plan during the period in which the shares where obtained.