George M. Wells - Feb 3, 2025 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role
EVP- COO
Signature
/s/ Laura P. Moon as Attorney-in-Fact for George M. Wells
Stock symbol
PDM
Transactions as of
Feb 3, 2025
Transactions value $
-$42,259
Form type
4
Date filed
2/5/2025, 04:59 PM
Previous filing
Feb 27, 2024
Next filing
Feb 12, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Award $0 +9.35K +9.36% $0.00 109K Feb 3, 2025 Direct F1
transaction PDM Common Stock Tax liability -$42.3K -4.96K -4.54% $8.52 104K Feb 3, 2025 Direct 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 Award $0 +35.2K +48.86% $0.00 107K Feb 3, 2025 Common Stock 35.2K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Such shares were granted without restriction pursuant to the performance share component of the 2022-2024 Long Term Incentive Compensation plan.
F2 In connection with the vesting of the unrestricted stock award (9,351 shares) on February 3, 2025, 4,960 shares were forfeited by the employee and delivered to the Company to satisfy tax withholding obligations.
F3 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.
F4 On February 3, 2025, the reporting person was granted 35,211 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.