Pangburn Joseph H. 4

4 · Piedmont Office Realty Trust, Inc. · Filed Feb 22, 2022

Form 4

Period: 2022-02-17

EVP- Southwest Region

Transactions

Exercise/Conversion
Common Stock
2022-02-19+1,127→ 59,283 total
Exercise/Conversion
Restricted Stock Units
2022-02-19−1,127→ 9,597 total
Exercise: $0.00→ Common Stock (1,127 underlying)
Exercise/Conversion
Common Stock
2022-02-17+1,676→ 58,565 total
Tax Payment
Common Stock
2022-02-19$17.02/sh−275$4,681→ 59,008 total
Tax Payment
Common Stock
2022-02-17$17.11/sh−409$6,998→ 58,156 total
Exercise/Conversion
Restricted Stock Units
2022-02-17−1,676→ 10,724 total
Exercise: $0.00→ Common Stock (1,676 underlying)

Footnotes (7)

[F1]Represents the vesting of 25% of a grant issued on February 17, 2021 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 on February 17, 2022 reported above, 409 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
[F4]Represents the vesting of 25% of a grant issued on February 19, 2020 of restricted stock units, which were settled in PDM common stock.
[F5]In connection with the vesting on February 19, 2022 reported above, 275 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
[F6]On February 17, 2021, the reporting person was granted 6,706 restricted stock units, vesting in four equal, annual installments beginning on the grant date.
[F7]On February 19, 2020, the reporting person was granted 4,506 restricted stock units, vesting in four equal, annual installments beginning on the grant date.

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