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Stock Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Share Activity
A rollforward of Piedmont's equity based award activity for the six months ended June 30, 2023 is as follows:

SharesWeighted-Average Grant Date Fair Value
Unvested and Potential Stock Awards as of December 31, 2022
729,424 $19.21 
Deferred Stock Awards Granted
987,094 $9.60 
Performance Stock Awards Granted424,922 $12.37 
Change in Estimated Potential Share Awards based on TSR Performance
121,141 $16.30 
Performance Stock Awards Vested
(90,064)$25.83 
Deferred Stock Awards Vested
(324,514)$15.00 
Deferred Stock Awards Forfeited
(196)$17.15 
Unvested and Potential Stock Awards as of June 30, 2023
1,847,807 $12.70 

The following table provides additional information regarding stock award activity during the three and six months ended June 30, 2023 and 2022, respectively (in thousands, except per share amounts):

Three Months EndedSix Months Ended
June 30,
2023		June 30,
2022		June 30,
2023		June 30,
2022
Weighted-Average Grant Date Fair Value per share of Deferred Stock Granted During the Period
$6.57 $14.62 $9.60 $16.54 
Total Grant Date Fair Value of Deferred Stock Vested During the Period
$793 $1,587 $4,866 $4,906 
Share-based Liability Awards Paid During the Period (1)
$— $— $— $5,481 

(1)Reflects the value of stock earned pursuant to the 2019-21 Performance Share Plan paid out during the six months ended June 30, 2022.
Schedule of Outstanding Employee Stock Awards
A detail of Piedmont’s outstanding stock awards and programs as of June 30, 2023 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 17, 2021Deferred Stock Award212,739 $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.
58,052 
February 18, 20212021-2023 Performance Share Program— $23.04 Shares awarded, if any, will vest immediately upon determination of award in 2024.116,098 
(3)
February 10, 2022Deferred Stock Award172,523 $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.
113,741 
February 17, 20222022-2024 Performance Share Program— $17.77 Shares awarded, if any, will vest immediately upon determination of award in 2025.174,167 
(3)
February 13, 2023Deferred Stock Award398,024 $10.55 
Of the shares granted, 25% vested on the date of grant, and 25% vested or will vest on February 13, 2024, 2025, and 2026, respectively.
331,939 
February 23, 20232023-2025 Performance Share Program— $12.37 Shares awarded, if any, will vest immediately upon determination of award in 2026.495,741 
(3)
February 23, 2023Deferred Stock Award418,725 $9.47 
Of the shares granted, 25% will vest on February 23, 2024, 2025, 2026, and 2027 respectively.
417,298 
May 10, 2023Deferred Stock Award-Board of Directors121,760 $6.57 
Of the shares granted, 100% will vest on the earlier of the 2024 Annual Meeting or May 10, 2024.
121,760 
Total1,847,807 

(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 June 30, 2023.
(2)Reflects 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 June 30, 2023. Share estimates are subject to change in future periods based upon Piedmont's relative TSR performance compared to its peer group of office REITs.