Form 4: Piedmont Office Realty Trust Director Dale H. Taysom Granted 15,217 Restricted Stock Units

Director Dale H. Taysom received 15,217 restricted stock units from Piedmont Office Realty Trust, Inc. on May 15, 2025, which will vest in May 2026.

Summary

• On May 15, 2025, Dale H. Taysom, a director of Piedmont Office Realty Trust, Inc. (PDM), was granted 15,217 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of PDM common stock each.
• The RSUs may be settled in cash or common stock at PDM's election.
• The RSUs will vest on the earlier of the 2026 Annual Meeting of Stockholders or the anniversary of the grant date in May 2026.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate governance practice of granting equity-based compensation to directors, which is generally viewed positively as it aligns interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and contribution to the company.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Grants of restricted stock units are a common practice in corporate governance to incentivize directors and align their interests with those of shareholders. This is a standard method of compensation within the real estate investment trust (REIT) sector.

Comparison to Industry Standards

• Companies like Boston Properties (BXP) and Vornado Realty Trust (VNO) also utilize restricted stock units as part of their director compensation packages.
• The vesting schedules and amounts granted are generally comparable to industry standards for REITs of similar size and market capitalization.
• The specific terms of the grant, such as vesting period and settlement options, are typical for executive compensation in the REIT industry.

Stakeholder Impact

• Shareholders: The grant aligns director interests with shareholder value.
• Employees: The grant is part of the overall compensation structure.
• Company: The grant incentivizes the director to contribute to the company's success.

Key Dates

Keywords

Restricted Stock Units, Director Compensation, Form 4, PDM, Piedmont Office Realty Trust, Taysom, Equity, Incentive