Venkatesh S. Durvasula - May 7, 2024 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role
Director
Signature
/s/ Laura P. Moon, as Attorney-in-Fact for Venkatesh S. Durvasula
Stock symbol
PDM
Transactions as of
May 7, 2024
Transactions value $
-$30,670
Form type
4
Date filed
5/8/2024, 05:13 PM
Previous filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +15.2K +291.12% 20.4K May 7, 2024 Direct F1, F2
transaction PDM Common Stock Tax liability -$30.7K -4.41K -21.58% $6.95 16K May 7, 2024 Direct 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 -15.2K -100% $0.00* 0 May 7, 2024 Common Stock 15.2K $0.00 Direct F1, F2
transaction PDM Restricted Stock Units Award $0 +14.4K $0.00 14.4K May 7, 2024 Common Stock 14.4K $0.00 Direct F1, F4
* 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 10, 2023, the reporting person was granted 15,220 restricted stock units, which vested at the 2024 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc. on May 7, 2024, and were settled in PDM common stock.
F3 In connection with the vesting of 15,220 shares of deferred stock on May 7, 2024, 4,413 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations.
F4 On May 7, 2024, at the 2024 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc., the reporting person was granted 14,388 restricted stock units, which will vest on the earlier of the 2025 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2025.