Valente Alex 4

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

Form 4

Period: 2023-02-17

EVP- Co-COO

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2023-02-17+1,822→ 34,681 total
Tax Payment
Common Stock
[F1]
2023-02-17$10.04/sh−786$7,891→ 33,895 total
Exercise/Conversion
Common Stock
[F2][F3]
2023-02-19+819→ 34,714 total
Tax Payment
Common Stock
[F3]
2023-02-19$10.04/sh−353$3,544→ 34,361 total
Exercise/Conversion
Restricted Stock Units
[F2][F1]
2023-02-17−1,822→ 24,007 total
Exercise: $0.00→ Common Stock (1,822 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2023-02-19−819→ 23,188 total
Exercise: $0.00→ Common Stock (819 underlying)

Footnotes (3)

[F1]On February 17, 2021, the reporting person was granted 7,289 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 17, 2023, 25% of the grant vested (1,822 shares) and were settled in PDM common stock. In connection with this vesting, 786 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 3,277 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 (819 shares) and were settled in PDM common stock. In connection with this vesting, 353 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

Signature

/s/ Laura P. Moon as Attorney-in-Fact for Alex Valente|2023-02-21

Documents

1 file