Bowers Robert E 4
4 · Piedmont Office Realty Trust, Inc. · Filed Feb 13, 2024
Insider Transaction Report
Form 4
Bowers Robert E
EVP-CFO
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2024-02-10+8,160→ 351,265 total - Tax Payment
Common Stock
[F2]2024-02-10$6.62/sh−4,358$28,850→ 346,907 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2024-02-10−8,160→ 92,976 totalExercise: $0.00→ Common Stock (8,160 underlying)
Footnotes (2)
- [F1]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.
- [F2]On February 10, 2022, the reporting person was granted 32,641 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 10, 2024, 25% of the grant vested (8,160 shares), and were settled in PDM common stock. In connection with this vesting, 4,358 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 Robert E. Bowers|2024-02-13