MCDOWELL FRANK C 4
4 · Piedmont Office Realty Trust, Inc. · Filed May 14, 2020
Insider Transaction Report
Form 4
MCDOWELL FRANK C
Director
Transactions
- Award
Restricted Stock Units
2020-05-13+6,540→ 6,540 totalExercise: $0.00→ Common Stock (6,540 underlying) - Tax Payment
Common Stock
2020-05-13$13.76/sh−1,396$19,209→ 57,886 total
Footnotes (3)
- [F1]In connection with the vesting of 4,329 shares of deferred stock on May 13, 2020, (representing 100% of a grant made at the 2019 Annual Meeting of Stockholders on May 15, 2019), 1,396 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations.
- [F2]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.
- [F3]On May 13, 2020, at the 2020 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc., the reporting person was granted 6,540 restricted stock units, which will vest on the earlier of the 2021 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2021.