Bowers Robert E 4

4 · Piedmont Office Realty Trust, Inc. · Filed Feb 21, 2023

Form 4

Period: 2023-02-17

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
2023-02-17+7,289→ 342,194 total
Tax Payment
Common Stock
2023-02-17$10.04/sh−3,507$35,210→ 338,687 total
Exercise/Conversion
Common Stock
2023-02-19+4,660→ 343,347 total
Tax Payment
Common Stock
2023-02-19$10.04/sh−2,242$22,510→ 341,105 total
Exercise/Conversion
Restricted Stock Units
2023-02-17−7,289→ 66,514 total
Exercise: $0.00→ Common Stock (7,289 underlying)
Exercise/Conversion
Restricted Stock Units
2023-02-19−4,660→ 61,854 total
Exercise: $0.00→ Common Stock (4,660 underlying)

Footnotes (3)

[F1]On February 17, 2021, the reporting person was granted 29,155 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 17, 2023, 25% of the grant vested (7,289 shares) and were settled in PDM common stock. In connection with this vesting, 3,507 shares were forfeited by the employee and delivered to PDM 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 February 19, 2020, the reporting person was granted 18,640 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 19, 2023, the final 25% of the grant vested (4,660 shares) and were settled in PDM common stock. In connection with this vesting, 2,242 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

Documents

1 file