George M. Wells - Feb 20, 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 20, 2025
Transactions value $
-$54,253
Form type
4
Date filed
2/24/2025, 04:33 PM
Previous 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 +10.5K +9.64% 119K Feb 20, 2025 Direct F1, F2
transaction PDM Common Stock Tax liability -$36.4K -5.01K -4.2% $7.27 114K Feb 20, 2025 Direct F1
transaction PDM Common Stock Options Exercise +5.28K +4.62% 120K Feb 23, 2025 Direct F2, F3
transaction PDM Common Stock Tax liability -$17.8K -2.52K -2.11% $7.07 117K Feb 23, 2025 Direct F3

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 -10.5K -10.66% $0.00 88K Feb 20, 2025 Common Stock 10.5K $0.00 Direct F1, F2
transaction PDM Restricted Stock Units Options Exercise $0 -5.28K -6% $0.00 82.7K Feb 23, 2025 Common Stock 5.28K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 20, 2024, the reporting person was granted 41,985 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 20, 2025, the initial 25% of the grant vested (10,496 shares) and were settled in PDM common stock. In connection with this vesting, 5,011 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.
F3 On February 23, 2023, the reporting person was granted 21,119 restricted stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 23, 2025, the second 25% of the grant vested (5,280 shares) and were settled in PDM common stock. In connection with this vesting, 2,521 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.