Form 4: Piedmont Office Realty Trust Executive Exercises Stock Options, Sells Shares for Tax Obligations

Christopher A. Kollme, EVP of Investments and Strategy at Piedmont Office Realty Trust, exercised stock options and sold shares to cover tax obligations on February 10, 2025.

Summary

• On February 10, 2025, Christopher A. Kollme, EVP of Investments and Strategy at Piedmont Office Realty Trust, exercised 2,744 restricted stock units that vested.
• These units were part of a grant from February 10, 2022, which vested in four equal annual installments.
• Upon vesting, Kollme received 2,744 shares of PDM common stock.
• To satisfy tax withholding obligations, 1,310 shares were forfeited at a price of $8.22 per share.
• Following these transactions, Kollme directly owns 85,784 shares of Piedmont Office Realty Trust.
• Kollme also owns 62,563 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey 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 into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance and sale of a small number of shares.
• The transaction impacts the executive's personal holdings and compensation.

Key Dates