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Stock Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Share Activity
A rollforward of Piedmont's equity based award activity for the nine months ended September 30, 2022 is as follows:

SharesWeighted-Average Grant Date Fair Value
Unvested and Potential Stock Awards as of December 31, 2021
1,099,181 $23.97 
Deferred Stock Awards Granted
299,322 $16.54 
Change in Estimated Potential Share Awards based on TSR Performance
119,589 $19.67 
Performance Stock Awards Vested
(267,744)$29.43 
Deferred Stock Awards Vested
(266,675)$19.15 
Deferred Stock Awards Forfeited
(4,953)$18.08 
Unvested and Potential Stock Awards as of September 30, 2022
978,720 $20.27 

The following table provides additional information regarding stock award activity during the three and nine months ended September 30, 2022 and 2021, respectively (in thousands, except per share amounts):

Three Months EndedNine Months Ended
September 30,
2022		September 30,
2021		September 30,
2022		September 30,
2021
Weighted-Average Grant Date Fair Value per share of Deferred Stock Granted During the Period
$— $— $16.54 $17.24 
Total Grant Date Fair Value of Deferred Stock Vested During the Period
$200 $206 $5,106 $5,208 
Share-based Liability Awards Paid During the Period (1)
$— $— $5,481 $3,610 

(1)Reflects the value of stock earned pursuant to the 2019-21 and 2018-20 Performance Share Plans during the nine months ended September 30, 2022 and 2021, respectively.
Schedule of Outstanding Employee Stock Awards
A detail of Piedmont’s outstanding stock awards and programs as of September 30, 2022 is as follows:

Date of grantType of Award
Net Shares
Granted (1)
Grant
Date Fair
Value		Vesting ScheduleUnvested Shares
May 3, 2019Deferred Stock Award30,958 
(2)
$21.04 
Of the shares granted, 20% vested or will vest on July 1, 2020, 2021, 2022, 2023 and 2024 respectively.
19,011 
February 19, 2020Deferred Stock Award142,083 $24.41 
Of the shares granted, 25% vested on the date of grant, and 25% vested or will vest on February 19, 2021, 2022, and 2023, respectively.
41,801 
March 19, 2020Fiscal Year 2020-2022 Performance Share Program— $25.83 Shares awarded, if any, will vest immediately upon determination of award in 2023.207,931 
(3)
February 17, 2021Deferred Stock Award239,521 $17.15 
Of the shares granted, 25% vested on the date of grant, and 25% vested or will vest on February 17, 2022, 2023, and 2024, respectively.
129,527 
February 18, 2021Fiscal Year 2021-2023 Performance Share Program— $23.04 Shares awarded, if any, will vest immediately upon determination of award in 2024.154,712 
(3)
February 10, 2022Deferred Stock Award231,933 $16.85 
Of the shares granted, 25% vested on the date of grant, and 25% vested or will vest on February 10, 2023, 2024, and 2025, respectively.
190,374 
February 17, 2022Fiscal Year 2022-2024 Performance Share Program— $17.77 Shares awarded, if any, will vest immediately upon determination of award in 2025.194,330 
(3)
May 11, 2022Deferred Stock Award-Board of Directors41,034 $14.62 
Of the shares granted, 100% will vest on the earlier of the 2023 Annual Meeting or May 11, 2023.
41,034 
Total978,720 

(1)Amounts reflect the total original grant to employees and independent directors, net of shares surrendered upon vesting to satisfy required minimum tax withholding obligations through September 30, 2022.
(2)Includes a special, one-time deferred stock award to Piedmont's Chief Executive Officer effective on July 1, 2019, the date of his promotion to the position, which vests in ratable installments over a five year period beginning July 1, 2020.
(3)Estimated based on Piedmont's cumulative TSR for the respective performance period through September 30, 2022. Share estimates are subject to change in future periods based upon Piedmont's relative TSR performance compared to its peer group of office REITs.