KELLY HEFNER BARRETT - 07 May 2024 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role
Director
Signature
/s/ Laura P. Moon as Attorney-in-Fact for Kelly H. Barrett
Issuer symbol
PDM
Transactions as of
07 May 2024
Transactions value $
$0
Form type
4
Filing time
08 May 2024, 17:13:28 UTC
Previous filing
05 Jun 2023
Next filing
20 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +15.2K +28.93% 67.8K 07 May 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PDM Restricted Stock Units Options Exercise $0 -15.2K -100% $0.00* 0 07 May 2024 Common Stock 15.2K $0.00 Direct F1, F2
transaction PDM Restricted Stock Units Award $0 +14.4K $0.00 14.4K 07 May 2024 Common Stock 14.4K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 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.