Bowers Robert E 4
4 · Piedmont Office Realty Trust, Inc. · Filed Feb 27, 2024
Insider Transaction Report
Form 4
Bowers Robert E
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2024-02-23+9,821→ 367,126 total - Exercise/Conversion
Restricted Stock Units
2024-02-23−9,821→ 120,370 totalExercise: $0.00→ Common Stock (9,821 underlying) - Tax Payment
Common Stock
2024-02-23$6.14/sh−4,724$29,005→ 362,402 total
Footnotes (2)
- [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 23, 2023, the reporting person was granted 39,282 restricted stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 23, 2024, the initial 25% of the grant vested (9,821 shares) and were settled in PDM common stock. In connection with this vesting, 4,724 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.