Form 4: Piedmont Office Realty Trust Director Glenn G. Cohen Reports Stock Award Vesting
SEC Form 4 Filing
Director Glenn G. Cohen reports vesting of restricted stock units into Piedmont Office Realty Trust common stock.
Summary
- On May 7, 2025, Glenn G. Cohen, a director of Piedmont Office Realty Trust, Inc. (PDM), reported a transaction involving the vesting of restricted stock units.
- Cohen acquired 14,388 shares of common stock upon the vesting of restricted stock units.
- The restricted stock units were granted on May 7, 2024, and vested on the anniversary of the grant date.
- Following the transaction, Cohen beneficially owns 66,866 shares of PDM common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of stock vesting, neither particularly positive nor negative.
Positives
- The vesting of restricted stock units indicates that the director has met certain performance or time-based requirements, aligning their interests with those of the shareholders.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of stock units aligns the director's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| May 7, 2024 | Grant date of 14,388 restricted stock units to Glenn G. Cohen at the 2024 Annual Meeting of Stockholders. |
| May 7, 2025 | Vesting date of 14,388 restricted stock units, convertible into common stock. |
| May 8, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Piedmont Office Realty Trust, Director, Glenn G. Cohen, Restricted Stock Units, Stock Vesting, Beneficial Ownership, PDM
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