Form 4: Piedmont Office Realty Trust Director, Jeffrey L. Swope, Reports Stock Award Vesting
SEC Form 4 Filing
Director Jeffrey L. Swope reports vesting and settlement of restricted stock units into Piedmont Office Realty Trust common stock.
Summary
- On May 7, 2024, Jeffrey L. Swope, a director of Piedmont Office Realty Trust, Inc. (PDM), had 15,220 restricted stock units vest and settle into common stock.
- The restricted stock units were granted on May 10, 2023, and vested at the 2024 Annual Meeting of Stockholders.
- Following the transaction, Swope directly owns 86,856.1874 shares of common stock and indirectly owns 215,414.4495 shares through Champion Operating Partnership II, Ltd.
- The balance includes shares obtained through Piedmont's dividend reinvestment plan during the period in which the shares where obtained.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock vesting, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company directors.
Key Dates
| Date | Description |
|---|---|
| 05/10/2023 | Reporting person was granted 15,220 restricted stock units |
| 05/07/2024 | Restricted stock units vested at the 2024 Annual Meeting of Stockholders and were settled in PDM common stock |
| 05/08/2024 | Date of Form 4 signature |
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