Form 4: Piedmont Office Realty Trust EVP-CFO Sherry L. Rexroad Reports Stock Unit Grant

Sherry L. Rexroad, EVP-CFO of Piedmont Office Realty Trust, reports the grant of 44,601 restricted stock units.

Summary

• On February 5, 2025, Sherry L. Rexroad, the EVP-CFO of Piedmont Office Realty Trust, filed a Form 4.
• The filing reports the grant of 44,601 restricted stock units on February 3, 2025.
• These stock units vest in four equal annual installments starting on the grant date anniversary.
• Rexroad directly owns 105,207 shares of common stock following the reported transaction.
• Each deferred stock unit represents a contingent right to receive one share of PDM common stock, which may be settled in cash or common stock at PDM's election.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation of key executives.

Stakeholder Impact

• The grant of stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Key Dates

Keywords

Form 4, Stock Units, Piedmont Office Realty Trust, PDM, Sherry L. Rexroad, EVP-CFO, Restricted Stock, Beneficial Ownership