Form 4: Piedmont Office Realty Trust Director Donnelly Reports Stock Transactions

Director Jeffrey Donnelly reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of Piedmont Office Realty Trust stock.

Summary

• On May 7, 2025, Jeffrey Donnelly, a director of Piedmont Office Realty Trust, had 2,312 restricted stock units vest.
• Upon vesting, Mr. Donnelly acquired 2,312 shares of common stock.
• To cover tax withholding obligations related to the vesting, 509 shares were forfeited at a price of $6.71 per share.
• Following these transactions, Mr. Donnelly directly owns 1,803 shares of common stock.
• The restricted stock units were granted on February 26, 2025, by the board of directors and each unit represents a contingent right to receive one share of PDM common stock, settled in cash or common stock at PDM's election.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.

Key Dates

Keywords

Piedmont Office Realty Trust, Director, Jeffrey Donnelly, Stock, Restricted Stock Units, Beneficial Ownership, Form 4, PDM