Bowers Robert E 4

4 · Piedmont Office Realty Trust, Inc. · Filed Feb 21, 2024

Form 4

Period: 2024-02-17

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
2024-02-17+7,288→ 360,811 total
Exercise/Conversion
Restricted Stock Units
2024-02-17−7,288→ 72,939 total
Exercise: $0.00→ Common Stock (7,288 underlying)
Award
Restricted Stock Units
2024-02-20+57,252→ 130,191 total
Exercise: $0.00→ Common Stock (57,252 underlying)
Tax Payment
Common Stock
2024-02-17$6.77/sh−3,506$23,736→ 357,305 total

Footnotes (3)

[F1]Each deferred stock unit represents a contingent right to receive one share of PDM common stock. Deferred stock units may be settled in cash or common stock at PDM's election.
[F2]On February 17, 2021, the reporting person was granted 29,155 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 17, 2024, the final 25% of the grant vested (7,288 shares) and were settled in PDM common stock. In connection with this vesting, 3,506 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
[F3]On February 20, 2024, the reporting person was granted 57,252 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.

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