Christopher Brent Smith - Feb 10, 2025 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role: President & Chief Exec. Off, Director
Signature: /s/ Laura P. Moon as Attorney-in-Fact for Christopher Brent Smith
Stock symbol: PDM
Transactions as of: Feb 10, 2025
Transactions value $: -$61,132
Form type: 4
Date filed: 2/12/2025, 04:34 PM
Previous filing: Feb 5, 2025
Next filing: Feb 18, 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	Options Exercise		+15.6K	+4.43%		367K	Feb 10, 2025	Direct	F1, F2
transaction	PDM	Common Stock	Tax liability	-$61.1K	-7.44K	-2.03%	$8.22	359K	Feb 10, 2025	Direct	F1

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	-15.6K	-2.78%	$0.00	544K	Feb 10, 2025	Common Stock	15.6K	$0.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 10, 2022, the reporting person was granted 62,315 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 10, 2025, the final 25% of the grant vested (15,578 shares), and were settled in PDM common stock. In connection with this vesting, 7,437 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
F2	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.

Content

On February 10, 2022, the reporting person was granted 62,315 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 10, 2025, the final 25% of the grant vested (15,578 shares), and were settled in PDM common stock. In connection with this vesting, 7,437 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

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.