Thomas R. Prescott - Dec 7, 2022 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role
EVP-Midwest Rgn-CoHead Devlpmt
Signature
/s/ Laura P. Moon as Attorney-in-Fact for Thomas R. Prescott
Stock symbol
PDM
Transactions as of
Dec 7, 2022
Transactions value $
-$87,652
Form type
4
Date filed
12/9/2022, 03:36 PM
Previous filing
May 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise $0 +14.4K +17.03% $0.00 98.9K Dec 7, 2022 Direct F1, F2
transaction PDM Common Stock Award $0 +15.6K +15.79% $0.00 115K Dec 7, 2022 Direct F2, F3
transaction PDM Common Stock Tax liability -$87.7K -9.7K -8.47% $9.04 105K Dec 7, 2022 Direct F2, F4

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 -14.4K -100% $0.00* 0 Dec 7, 2022 Common Stock 14.4K $0.00 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Thomas R. Prescott is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 The balance includes shares obtained through Piedmont's dividend reinvestment plan during the period in which the shares where obtained.
F3 Shares were granted on a pro-rata basis without restriction pursuant to the performance share component of the Long Term Incentive Compensation plan for the 2020-2022,2021-2023, and 2022-2024 performance periods.
F4 In connection with the vesting of 30,009 shares of common stock on December 7, 2022, 9,696 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations.
F5 Remaining outstanding restricted stock units vested on December 7, 2022.