Piedmont Office Aligns Credit Terms and Expands Incentive Plan

Piedmont Office (PDM) has shared an update.

Piedmont Office Realty Trust, Inc. has recently amended its various unsecured term loans and lines of credit to align terms and allow for common forms of permitted indebtedness. Following stockholder approval, the company has also expanded its Omnibus Incentive Plan, increasing available shares for issuance and implementing new holding and vesting requirements. Additionally, at the 2024 Annual Meeting, stockholders elected board members for the upcoming year, ratified the appointment of Deloitte and Touche, LLP as independent accountants, and approved executive compensation and plan amendments. Kelly H. Barrett was appointed as the new Chair of the Board, succeeding Frank McDowell, with Dale H. Taysom taking over as Chair of the Capital Committee.

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