Laura P. Moon - 20 Feb 2025 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
20 Feb 2025
Net transactions value
-$22,348
Form type
4
Filing time
24 Feb 2025, 16:33:12 UTC
Previous filing
18 Feb 2025
Next filing
05 Feb 2026
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +4,008 +6.6% 65,047 20 Feb 2025 Direct F1, F2
transaction PDM Common Stock Tax liability $13,624 -1,874 -2.9% $7.27 63,173 20 Feb 2025 Direct F2
transaction PDM Common Stock Options Exercise +2,640 +4.2% 65,813 23 Feb 2025 Direct F1, F3
transaction PDM Common Stock Tax liability $8,724 -1,234 -1.9% $7.07 64,579 23 Feb 2025 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 -4,008 -2.9% $0.000000 135,742 20 Feb 2025 Common Stock 4,008 $0.000000 Direct F1, F2
transaction PDM Restricted Stock Units Options Exercise $0 -2,640 -1.9% $0.000000 133,102 23 Feb 2025 Common Stock 2,640 $0.000000 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 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. On February 20, 2025, the initial 25% of the grant vested (4,008 shares) and were settled in PDM common stock. In connection with this vesting, 1,874 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
F3 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, 2025, the second 25% of the grant vested (2,640 shares) and were settled in PDM common stock. In connection with this vesting, 1,234 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.