Form 4 for PDM Piedmont Realty Trust, Inc.
Accepted 2023-05-12 00:00:00 ET · period of report 2023-05-10 · accession 0001042776-23-000125 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-05-12 | 2023-05-10 | PDM | Durvasula Venkatesh S. | Dir | M - OptEx | — | +7,363 | 7,363 | New | — |
| D | 2023-05-12 | 2023-05-10 | PDM | Durvasula Venkatesh S. | Dir | F - Tax | $6.57 | -2,135 | 5,228 | -29% | -$14.0K |
| D | 2023-05-12 | 2023-05-10 | PDM | Durvasula Venkatesh S. | Dir | M - OptEx | $0.00 | -7,363 | 0 | -100% | $0 |
| D | 2023-05-12 | 2023-05-10 | PDM | Durvasula Venkatesh S. | Dir | A - Grant | $0.00 | +15.2K | 15.2K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-05-10 | M | A | 7,363 | — | 7,363 | D | — | — | (F2) On October 25, 2022, the reporting person was granted 7,363 restricted stock units, which vested at the 2023 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc. on May 10, 2023, and were settled in PDM common stock. (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. |
| 2 | Common | Common Stock | 2023-05-10 | F | D | 2,135 | $6.57 | 5,228 | D | — | — | (F3) In connection with the vesting of 7,363 shares of deferred stock on May 10, 2023, 2,135 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations. |
| 3 | Derivative | Restricted Stock Units | 2023-05-10 | M | D | 7,363 | $0.00 | 0 | D | $0.00 · — to — | 7,363 Common Stock | (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 October 25, 2022, the reporting person was granted 7,363 restricted stock units, which vested at the 2023 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc. on May 10, 2023, and were settled in PDM common stock. |
| 4 | Derivative | Restricted Stock Units | 2023-05-10 | A | A | 15,220 | $0.00 | 15,220 | D | $0.00 · — to — | 15,220 Common Stock | (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. (F4) On May 10, 2023, at the 2023 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc., the reporting person was granted 15,220 restricted stock units, which will vest on the earlier of the 2024 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2024. |