Guilbert Edward H III 4
4 · Piedmont Office Realty Trust, Inc. · Filed Feb 21, 2023
Insider Transaction Report
Form 4
Guilbert Edward H III
EVP - Finance & Treasurer
Transactions
- Exercise/Conversion
Common Stock
2023-02-17+2,551→ 71,865 total - Exercise/Conversion
Restricted Stock Units
2023-02-17−2,551→ 19,669 totalExercise: $0.00→ Common Stock (2,551 underlying) - Tax Payment
Common Stock
2023-02-17$10.04/sh−1,100$11,044→ 70,765 total - Tax Payment
Common Stock
2023-02-19$10.04/sh−552$5,542→ 71,493 total - Exercise/Conversion
Restricted Stock Units
2023-02-19−1,280→ 18,389 totalExercise: $0.00→ Common Stock (1,280 underlying) - Exercise/Conversion
Common Stock
2023-02-19+1,280→ 72,045 total
Footnotes (3)
- [F1]On February 17, 2021, the reporting person was granted 10,204 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 17, 2023, 25% of the grant vested (2,551 shares) and were settled in PDM common stock. In connection with this vesting, 1,100 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 5,121 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 (1,280 shares) and were settled in PDM common stock. In connection with this vesting, 552 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.