PDM.NYSEPiedmont Office Realty Trust, INC

Form 4: Piedmont Office Realty Trust Executive VP Robert Wiberg Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Executive VP Robert Wiberg of Piedmont Office Realty Trust reports the vesting and subsequent transactions of restricted stock units.

Summary

  • On February 23, 2024, Robert K. Wiberg, Executive VP at Piedmont Office Realty Trust, reported transactions related to restricted stock units.
  • 3,696 restricted stock units vested and were settled in PDM common stock.
  • 1,778 shares were forfeited to cover tax withholding obligations at a price of $6.14 per share.
  • Following these transactions, Wiberg directly owns 154,580 shares of common stock and 42,982 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transaction affects the reporting person's ownership stake in the company.
  • The forfeiture of shares to cover tax obligations has a minor impact on the company's share count.

Key Dates

DateDescription
02/23/2023Reporting person was granted 14,784 restricted stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.
02/23/2024Initial 25% of the grant vested (3,696 shares) and were settled in PDM common stock; 1,778 shares were forfeited for tax withholding.
02/27/2024Date of signature for the Form 4 filing.

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