Pangburn Joseph H. 4
4 · Piedmont Office Realty Trust, Inc. · Filed Feb 14, 2022
Insider Transaction Report
Form 4
Pangburn Joseph H.
EVP- Southwest Region
Transactions
- Exercise/Conversion
Common Stock
2022-02-10+1,707→ 57,305 total - Tax Payment
Common Stock
2022-02-10$16.85/sh−416$7,010→ 56,889 total - Award
Restricted Stock Units
2022-02-10+6,825→ 14,107 totalExercise: $0.00→ Common Stock (6,825 underlying) - Exercise/Conversion
Restricted Stock Units
2022-02-10−1,707→ 12,400 totalExercise: $0.00→ Common Stock (1,707 underlying)
Footnotes (4)
- [F1]Represents the vesting of 25% of an initial grant on February 10, 2022 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, 416 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
- [F4]On February 10, 2022, the reporting person was granted 6,825 restricted stock units, vesting in four equal, annual installments beginning on the grant date.