Bowers Robert E 4
4 · Piedmont Office Realty Trust, Inc. · Filed Feb 14, 2024
Insider Transaction Report
Form 4
Bowers Robert E
EVP-CFO
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2024-02-13+12,749→ 359,656 total - Tax Payment
Common Stock
[F2]2024-02-13$6.39/sh−6,133$39,190→ 353,523 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2024-02-13−12,749→ 80,227 totalExercise: $0.00→ Common Stock (12,749 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 13, 2023, the reporting person was granted 50,995 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 13, 2024, 25% of the grant vested (12,749 shares), and were settled in PDM common stock. In connection with this vesting, 6,133 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|2024-02-14