Form 4: Piedmont Office Realty Trust SVP-CAO Laura P. Moon Reports Stock Transactions
SEC Form 4 Filing
Laura P. Moon, SVP-CAO of Piedmont Office Realty Trust, reports the vesting and settlement of restricted stock units, along with associated tax withholding.
Summary
- On February 20, 2025, Laura P. Moon, SVP-CAO of Piedmont Office Realty Trust, vested 4,008 deferred stock units and settled them in PDM common stock.
- In connection with this vesting, 1,874 shares were forfeited to satisfy tax withholding obligations.
- On February 23, 2025, Moon vested 2,640 restricted stock units and settled them in PDM common stock.
- 1,234 shares were forfeited to cover tax withholding for this vesting.
- Following these transactions, Moon directly owns 64,579 shares of PDM common stock and 133,102 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting.
- The forfeiture of shares for tax withholding reduces the number of shares entering the market.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Reporting person was granted 10,560 restricted stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. |
| 02/20/2024 | Reporting person was granted 16,031 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. |
| 02/20/2025 | 4,008 deferred stock units vested and were settled in PDM common stock; 1,874 shares forfeited for tax withholding. |
| 02/23/2025 | 2,640 restricted stock units vested and were settled in PDM common stock; 1,234 shares forfeited for tax withholding. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, Piedmont Office Realty Trust, PDM, Laura P. Moon
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