Valente Alex 4
4 · Piedmont Office Realty Trust, Inc. · Filed Feb 21, 2023
Insider Transaction Report
Form 4
Valente Alex
EVP- Co-COO
Transactions
- Exercise/Conversion
Common Stock
2023-02-17+1,822→ 34,681 total - Exercise/Conversion
Restricted Stock Units
2023-02-19−819→ 23,188 totalExercise: $0.00→ Common Stock (819 underlying) - Tax Payment
Common Stock
2023-02-17$10.04/sh−786$7,891→ 33,895 total - Exercise/Conversion
Common Stock
2023-02-19+819→ 34,714 total - Tax Payment
Common Stock
2023-02-19$10.04/sh−353$3,544→ 34,361 total - Exercise/Conversion
Restricted Stock Units
2023-02-17−1,822→ 24,007 totalExercise: $0.00→ Common Stock (1,822 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.