PDM insider report: 15,151 RSUs vested, 60,606-unit grant

Rhea-AI Filing Summary

Sherry L. Rexroad, listed as EVP-CFO of Piedmont Realty Trust, Inc. (PDM), had 15,151 restricted stock units vest and be settled in common stock on 10/01/2025. The filing shows the vesting was the first annual installment from a 60,606-unit grant made on 10/01/2024, with the grant vesting in four equal annual installments. After the settlement, the reporting person is shown with 32,001 shares of common stock beneficially owned (direct) and 90,056 shares total beneficially owned as reflected by outstanding restricted stock units. The form was signed by an attorney-in-fact on behalf of the reporting person on 10/02/2025.

Positive

• 15,151 restricted stock units vested and were settled in PDM common stock
• Grant structure: initial award of 60,606 RSUs vesting in four equal annual installments, showing scheduled compensation delivery

Negative

• None.

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

REXROAD SHERRY L

(Last) (First) (Middle)

5565 GLENRIDGE CONNECTOR

STE. 450

(Street)

ATLANTA GA 30342

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Piedmont Realty Trust, Inc. [ PDM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP-CFO

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2025		M		15,151	A	(1)(2)	32,001	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	10/01/2025		M			15,151	(2)	(2)	Common Stock	15,151	$0	90,056	D

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 October 1, 2024, the reporting person was granted 60,606 restricted stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On October 1, 2025, the initial 25% of the grant vested (15,151 shares) and were settled in PDM common stock.

Remarks:

	/s/ M. Wade Grace III as Attorney-in-Fact for Sherry L. Rexroad	10/02/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transaction did Sherry L. Rexroad report on the Form 4 for PDM?

15,151 restricted stock units vested and were settled in Piedmont Realty Trust (PDM) common stock on 10/01/2025.

How many restricted stock units were originally granted to the reporting person?

The reporting person was granted 60,606 restricted stock units on 10/01/2024, vesting in four equal annual installments.

How many shares does the reporting person beneficially own after the transaction?

The filing reports 32,001 shares of common stock beneficially owned (direct) and 90,056 shares beneficially owned when including restricted stock units.

When was the Form 4 signed and filed for this transaction?

The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 10/02/2025.

Can restricted stock units be settled in cash or stock according to the filing?

Yes. The filing states each restricted stock unit may be settled in cash or common stock at the company's election.