Piedmont EVP exercises 6,106 RSUs, withholds shares

Piedmont Realty Trust EVP and Co-COO Alex Valente reported equity award activity.

Rhea-AI Filing Summary

Piedmont Realty Trust EVP and Co-COO Alex Valente reported equity award activity. On February 20, 2026, 6,106 restricted/deferred stock units vested from a February 20, 2024 grant of 24,427 units that vests in four equal annual installments and were settled in common stock.

In connection with this vesting, 2,720 common shares were forfeited and delivered to Piedmont Realty Trust at $7.98 per share to satisfy tax withholding obligations. Following these transactions, Valente directly held 81,183 shares of common stock and 156,680 restricted stock units.

Insider Trade Summary

6,106 shares exercised/converted

Exercise 3 txns

Insider Valente Alex

Role EVP- Co-COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	6,106	$0.00	$0.00
Exercise	Common Stock	6,106	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,720	$7.98	$22K

Holdings After Transaction: Restricted Stock Units — 156,680 contracts (Direct); Common Stock — 81,183 shares (Direct)

Footnotes (2)

1. F1. Each deferred stock unit represents a contingent right to receive one share of PDM common stock. Deferred stock units may be settled in cash or common stock at PDM's election.
2. F2. On February 20, 2024, the reporting person was granted 24,427 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 20, 2026, the second 25% of the grant vested (6,106 shares) and were settled in PDM common stock. In connection with this vesting, 2,720 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

FAQ

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What did Piedmont Realty Trust EVP Alex Valente report on this Form 4 for PDM?

Alex Valente reported the vesting and settlement of restricted/deferred stock units into common stock, along with share forfeitures for tax withholding. These transactions reflect scheduled equity award vesting and related tax payments rather than open-market purchases or sales of Piedmont Realty Trust stock.

How many Piedmont Realty Trust shares did Alex Valente acquire and forfeit in this filing for PDM?

Valente had 6,106 deferred stock units vest and settle in Piedmont common stock. In connection with this vesting, 2,720 common shares were forfeited and delivered back to Piedmont Realty Trust to satisfy tax withholding obligations at a price of $7.98 per share.

What are the vesting terms of Alex Valente’s 2024 deferred stock unit grant at Piedmont Realty Trust (PDM)?

On February 20, 2024, Valente was granted 24,427 deferred stock units that vest in four equal annual installments. The second 25% tranche, representing 6,106 units, vested on February 20, 2026 and was settled in Piedmont Realty Trust common stock as reported in this filing.

How many Piedmont Realty Trust common shares does Alex Valente hold after these Form 4 transactions?

After these transactions, Valente directly held 81,183 shares of Piedmont Realty Trust common stock. He also held 156,680 restricted stock units, each representing a contingent right to receive one share of PDM common stock or cash at the company’s election.

What does the tax-withholding transaction at $7.98 in the PDM Form 4 represent?

The transaction coded “F” shows 2,720 Piedmont Realty Trust common shares forfeited and delivered to the company at $7.98 per share. This represents shares withheld to satisfy tax withholding obligations arising from the vesting and settlement of 6,106 deferred stock units into common stock.

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Accepted by SEC EDGAR 02/23/2026 - 04:56 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
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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^*

Valente Alex

(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- Co-COO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		M		6,106	A	(1)(2)	83,903	D
Common Stock	02/20/2026		F		2,720(2)	D	$7.98	81,183	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)	02/20/2026		M			6,106	(2)	(2)	Common Stock	6,106	$0	156,680	D

Explanation of Responses:

1. Each deferred stock unit represents a contingent right to receive one share of PDM common stock. Deferred stock units may be settled in cash or common stock at PDM's election.

2. On February 20, 2024, the reporting person was granted 24,427 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 20, 2026, the second 25% of the grant vested (6,106 shares) and were settled in PDM common stock. In connection with this vesting, 2,720 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

Remarks:

	/s/ M. Wade Grace III as Attorney-in-Fact for Alex Valente	02/23/2026
	** 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).
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