Form 4: Piedmont Office Realty Trust Executive Kollme Reports Stock Transactions
SEC Form 4 Filing
Christopher A. Kollme, EVP of Investments and Strategy at Piedmont Office Realty Trust, reports the vesting and settlement of restricted stock units.
Summary
- On February 13, 2025, Christopher A. Kollme, EVP of Investments and Strategy at Piedmont Office Realty Trust, reported transactions involving Piedmont Office Realty Trust (PDM) common stock.
- Kollme vested 4,502 restricted stock units, which were settled in PDM common stock.
- In connection with the vesting, 2,150 shares were forfeited to satisfy tax withholding obligations at a price of $7.96 per share.
- Following these transactions, Kollme directly owns 88,136 shares of PDM common stock and 58,061 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted stock units.
Key Dates
| Date | Description |
|---|---|
| 02/13/2023 | Reporting person was granted 18,009 restricted stock units, vesting in four equal, annual installments beginning on the grant date. |
| 02/13/2025 | Vesting of 25% (4,502 shares) of restricted stock units and settlement in PDM common stock; 2,150 shares forfeited for tax withholding. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Piedmont Office Realty Trust, PDM, Christopher A. Kollme, Restricted Stock Units, Beneficial Ownership, Insider Trading
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