PDM.NYSEPiedmont Office Realty Trust, INC

Form 4: Piedmont Office Realty Trust Director Barbara Lang Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Director Barbara Lang reports the vesting and settlement of restricted stock units, along with the grant of additional units, at Piedmont Office Realty Trust's annual meeting.

Summary

  • On May 7, 2024, Director Barbara Lang vested 15,220 restricted stock units which were granted on May 10, 2023, and settled them in PDM common stock.
  • In connection with the vesting, 4,566 shares were forfeited to cover tax withholding obligations at a price of $6.95.
  • Also on May 7, 2024, Lang was granted 14,388 new restricted stock units that will vest at the 2025 Annual Meeting of Stockholders or in May 2025.
  • Following these transactions, Lang directly owns 41,120 shares of Piedmont Office Realty Trust common stock and 14,388 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The newly granted restricted stock units will vest in 2025, contingent on continued service.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they involve the vesting and granting of stock-based compensation to a director.

Key Dates

DateDescription
May 10, 2023Reporting person was granted 15,220 restricted stock units.
May 7, 2024Restricted stock units vested at the 2024 Annual Meeting of Stockholders.
May 7, 2024Reporting person was granted 14,388 restricted stock units.
May 8, 2024Date of Form 4 signature.
May 2025New restricted stock units will vest on the earlier of the 2025 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2025.

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