Durvasula Venkatesh S. 4
4 · Piedmont Office Realty Trust, Inc. · Filed May 8, 2024
Insider Transaction Report
Form 4
Durvasula Venkatesh S.
Director
Transactions
- Exercise/Conversion
Common Stock
2024-05-07+15,220→ 20,448 total - Tax Payment
Common Stock
2024-05-07$6.95/sh−4,413$30,670→ 16,035 total - Exercise/Conversion
Restricted Stock Units
2024-05-07−15,220→ 0 totalExercise: $0.00→ Common Stock (15,220 underlying) - Award
Restricted Stock Units
2024-05-07+14,388→ 14,388 totalExercise: $0.00→ Common Stock (14,388 underlying)
Footnotes (4)
- [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 May 10, 2023, the reporting person was granted 15,220 restricted stock units, which vested at the 2024 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc. on May 7, 2024, and were settled in PDM common stock.
- [F3]In connection with the vesting of 15,220 shares of deferred stock on May 7, 2024, 4,413 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations.
- [F4]On May 7, 2024, at the 2024 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc., the reporting person was granted 14,388 restricted stock units, which will vest on the earlier of the 2025 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2025.