0001042776-20-000174.txt : 20200519
0001042776-20-000174.hdr.sgml : 20200519
20200519163331
ACCESSION NUMBER: 0001042776-20-000174
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200517
FILED AS OF DATE: 20200519
DATE AS OF CHANGE: 20200519
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Prescott Thomas R.
CENTRAL INDEX KEY: 0001621377
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34626
FILM NUMBER: 20894139
MAIL ADDRESS:
STREET 1: 5565 GLENRIDGE CONNECTOR
STREET 2: STE. 450
CITY: ATLANTA
STATE: GA
ZIP: 30342
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Piedmont Office Realty Trust, Inc.
CENTRAL INDEX KEY: 0001042776
STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512]
IRS NUMBER: 582328421
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5565 GLENRIDGE CONNECTOR
STREET 2: STE 450
CITY: ATLANTA
STATE: GA
ZIP: 30342
BUSINESS PHONE: 7704188800
MAIL ADDRESS:
STREET 1: 5565 GLENRIDGE CONNECTOR
STREET 2: STE 450
CITY: ATLANTA
STATE: GA
ZIP: 30342
FORMER COMPANY:
FORMER CONFORMED NAME: WELLS REAL ESTATE INVESTMENT TRUST INC
DATE OF NAME CHANGE: 19980515
4
1
wf-form4_158992039307171.xml
FORM 4
X0306
4
2020-05-17
0
0001042776
Piedmont Office Realty Trust, Inc.
PDM
0001621377
Prescott Thomas R.
5565 GLENRIDGE CONNECTOR
STE. 450
ATLANTA
GA
30342
0
1
0
0
EVP-Midwest Region
Common Stock
2020-05-17
4
F
0
657
13.60
D
52178
D
Common Stock
2020-05-18
4
D
0
454
14.70
D
51724
D
Common Stock
2020-05-18
4
F
0
400
14.70
D
51324
D
In connection with the vesting of 2,240 shares on May 17, 2020 (representing 25% of deferred stock granted on May 17, 2018), 657 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations.
Of the 1,817 shares that vested on May 18, 2020, representing 25% of an initial award granted on May 18, 2017, Mr. Prescott elected to defer 25% of the award (equivalent of 454 shares) into the Piedmont Office Realty Trust, Inc. (the "Issuer") Executive NonQualified Deferred Compensation Plan ("NQDCP") (approved by the Board of Directors of the Issuer on December 5, 2013). A cash contribution approximating the dollar value of the amount to be deferred will be covered by a Rabbi Trust established by the Issuer. Under the terms of the NQDCP, the dollar amount of the deferral is credited to the Rabbi Trust instead of crediting shares to the participant's share account. The investments of the Rabbi Trust will be substantially the same as the investments selected under the Issuer's 401(k) plan, including various mutual funds, but will not include ownership of Issuer common stock. Payouts under the NQDCP will be made only in cash.
In connection with the vesting of 1,363 shares on May 18, 2020, representing deferred stock vested net of deferral into the NQDCP mentioned above, 400 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations.
/s/ Laura P. Moon as Attorney-in-Fact for Thomas R. Prescott
2020-05-19