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 subsequent transactions of restricted stock units.
Summary
- On February 10, 2025, Laura P. Moon, SVP-CAO of Piedmont Office Realty Trust, had 1,595 restricted stock units vest.
- These units were settled in PDM common stock.
- In connection with the vesting, 746 shares were forfeited to satisfy tax withholding obligations at a price of $8.22.
- Following these transactions, Moon directly owns 59,651 shares of common stock and 142,357 restricted stock units.
- The restricted stock units have a conversion or exercise price of $0.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This 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.
Stakeholder Impact
- The vesting of restricted stock units dilutes existing shareholders' equity slightly.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Reporting person was granted 6,380 restricted stock units, vesting in four equal, annual installments beginning on the grant date. |
| 02/10/2025 | Date of the reported transactions: vesting of 1,595 restricted stock units and forfeiture of 746 shares for tax obligations. |
| 02/12/2025 | Date of signature for the Form 4 filing. |
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