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Piedmont Realty Trust (PDM) director reports RSU vesting into shares and new equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Piedmont Realty Trust director Deneen L. Donnley reported routine equity compensation activity. On May 12, 2026, 15,217 previously granted restricted stock units vested at the 2026 Annual Meeting and were settled in an equal number of PDM common shares. Following this conversion, Donnley directly holds 17,529 common shares.

On the same date, Donnley received a new grant of 12,883 restricted stock units, each representing a contingent right to one PDM common share. These RSUs will vest on the earlier of the 2027 Annual Meeting of Stockholders or the first anniversary of the grant date.

Positive

  • None.

Negative

  • None.
Insider Donnley Deneen L
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 15,217 $0.00 --
Grant/Award Restricted Stock Units 12,883 $0.00 --
Exercise Common Stock 15,217 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 17,529 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of PDM common stock. Restricted stock units may be settled in cash or common stock at PDM's election. On May 15, 2025, at the 2025 Annual Meeting of Stockholders of Piedmont Realty Trust, Inc., the reporting person was granted 15,217 restricted stock units, which vested at the 2026 Annual Meeting of Stockholders on May 12, 2026, and was settled in PDM common stock. On May 12, 2026, at the 2026 Annual Meeting of Stockholders of Piedmont Realty Trust, Inc., the reporting person was granted 12,883 restricted stock units, which will vest on the earlier of the 2027 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2027.
RSUs vested and exercised 15,217 units Restricted stock units vested and settled in common stock on May 12, 2026
New RSU grant 12,883 units Granted on May 12, 2026, vesting by 2027 Annual Meeting or anniversary
Common shares held after transaction 17,529 shares Direct PDM common stock ownership following RSU settlement
RSUs remaining after exercise 12,883 units Newly granted restricted stock units outstanding after prior grant fully exercised
Derivative exercises 1 transaction, 15,217 units Exercise or conversion of derivative security reported in transaction summary
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of PDM common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of PDM common stock."
Annual Meeting of Stockholders financial
"On May 15, 2025, at the 2025 Annual Meeting of Stockholders of Piedmont Realty Trust, Inc., the reporting person was granted 15,217 restricted stock units"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Donnley Deneen L
(Last)(First)(Middle)
5565 GLENRIDGE CONNECTOR
STE. 450
(Street)
ATLANTA GEORGIA 30342
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Piedmont Realty Trust, Inc. [ PDM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/12/2026M15,217A(1)(2)17,529D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/12/2026M15,217 (2) (2)Common Stock15,217$00D
Restricted Stock Units(1)05/12/2026A12,883 (3) (3)Common Stock12,883$012,883D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of PDM common stock. Restricted stock units may be settled in cash or common stock at PDM's election.
2. On May 15, 2025, at the 2025 Annual Meeting of Stockholders of Piedmont Realty Trust, Inc., the reporting person was granted 15,217 restricted stock units, which vested at the 2026 Annual Meeting of Stockholders on May 12, 2026, and was settled in PDM common stock.
3. On May 12, 2026, at the 2026 Annual Meeting of Stockholders of Piedmont Realty Trust, Inc., the reporting person was granted 12,883 restricted stock units, which will vest on the earlier of the 2027 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2027.
Remarks:
/s/ M. Wade Grace III as Attorney-in-Fact for Deneen L. Donnley05/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did PDM director Deneen L. Donnley report?

Deneen L. Donnley reported equity compensation activity: 15,217 restricted stock units vested and converted into the same number of Piedmont Realty Trust common shares, and 12,883 new restricted stock units were granted, subject to future vesting conditions tied to the 2027 Annual Meeting.

How many Piedmont Realty Trust (PDM) shares does Deneen L. Donnley now hold directly?

After the reported transactions, Deneen L. Donnley directly holds 17,529 shares of Piedmont Realty Trust common stock. These shares reflect settlement of previously granted restricted stock units that vested at the 2026 Annual Meeting of Stockholders and were settled in PDM common stock.

What are the terms of the new restricted stock unit grant to the PDM director?

On May 12, 2026, Donnley received 12,883 restricted stock units. Each unit represents a contingent right to one PDM share and will vest on the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the grant date in May 2027, subject to usual conditions.

How were the 15,217 PDM restricted stock units originally granted and when did they vest?

The 15,217 restricted stock units were granted on May 15, 2025 at the 2025 Annual Meeting of Stockholders. They vested at the 2026 Annual Meeting on May 12, 2026 and were then settled in an equal number of Piedmont Realty Trust common shares, increasing Donnley’s direct share holdings.

Can Piedmont Realty Trust settle restricted stock units in cash instead of shares?

Each restricted stock unit represents a contingent right to receive one PDM share, but the company may settle awards in cash or common stock at its election. In this filing’s reported vesting, the 15,217 units were settled specifically in PDM common stock, not cash.