Prescott Thomas R. 4
4 · Piedmont Office Realty Trust, Inc. · Filed Feb 23, 2021
Insider Transaction Report
Form 4
Prescott Thomas R.
EVP-Midwest Region
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-02-19−1,639→ 11,061 totalExercise: $0.00→ Common Stock (1,639 underlying) - Exercise/Conversion
Common Stock
2021-02-19+1,639→ 68,872.038 total - Tax Payment
Common Stock
2021-02-19$16.88/sh−612$10,331→ 68,260.038 total
Footnotes (4)
- [F1]Represents the vesting of 25% of a grant issued on February 19, 2020 of restricted stock units, which were settled in PDM common stock.
- [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]In connection with the vesting reported above, 612 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
- [F4]On February 19, 2020, the reporting person was granted 6,555 restricted stock units, vesting in four equal, annual installments beginning on the grant date.