What was the nature of the 46,299-share award reported by PDM EVP Wells?

The 46,299-share award to George M. Wells was granted without restriction under the performance share component of Piedmont’s 2023-2025 Long Term Incentive Compensation plan, reflecting earned performance shares. A portion of this award, 20,988 shares, was delivered back to the company to cover tax withholding obligations.

Piedmont (NYSE: PDM) EVP Wells reports stock grants and tax share deliveries

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Piedmont Realty Trust EVP and Co-COO George M. Wells reported several equity compensation events on February 3, 2026. He received 46,299 shares of common stock without restriction under the 2023-2025 long-term incentive performance share plan, with 20,988 shares delivered back to the company to cover tax withholding.

Separately, 8,803 deferred stock units from a 2025 grant vested and were settled in common stock, and 4,388 of those shares were likewise delivered to the company for taxes. Following these transactions, Wells directly held 146,861 shares of common stock and 73,906 deferred stock units.

Insider Trade Summary

8,803 shares exercised/converted

Mixed 5 txns

Insider Wells George M.

Role EVP- Co-COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	8,803	$0.00	--
Grant/Award	Common Stock	46,299	$0.00	--
Tax Withholding	Common Stock	20,988	$8.39	$176K
Exercise	Common Stock	8,803	$0.00	--
Tax Withholding	Common Stock	4,388	$8.39	$37K

Holdings After Transaction: Restricted Stock Units — 73,906 shares (Direct); Common Stock — 163,434 shares (Direct)

Footnotes (1)

Such shares were granted without restriction pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan. In connection with the vesting of the unrestricted stock award (46,299 shares) pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan on February 3, 2026 (mentioned above), 20,988 shares were forfeited by the employee and delivered to the Company to satisfy tax withholding obligations. 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. On February 3, 2025, the reporting person was granted 35,211 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 3, 2026, the initial 25% of the grant vested (8,803 shares) and were settled in PDM common stock. In connection with this vesting, 4,388 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

Form 4 Insider Transactions: What Each Field Means →

02/05/2026 - 04:31 PM

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
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^*

Wells George M.

(Last)

(First)

(Middle)

5565 GLENRIDGE CONNECTOR

STE 450

(Street)

ATLANTA

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)
02/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/03/2026		A		46,299⁽¹⁾	A	$0	163,434	D
Common Stock	02/03/2026		F		20,988⁽²⁾	D	$8.39	142,446	D
Common Stock	02/03/2026		M		8,803	A	⁽³⁾⁽⁴⁾	151,249	D
Common Stock	02/03/2026		F		4,388⁽⁴⁾	D	$8.39	146,861	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽³⁾	02/03/2026		M			8,803	⁽⁴⁾	⁽⁴⁾	Common Stock	8,803	$0	73,906	D

Explanation of Responses:

1. Such shares were granted without restriction pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan.

2. In connection with the vesting of the unrestricted stock award (46,299 shares) pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan on February 3, 2026 (mentioned above), 20,988 shares were forfeited by the employee and delivered to the Company to satisfy tax withholding obligations.

3. 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.

4. On February 3, 2025, the reporting person was granted 35,211 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 3, 2026, the initial 25% of the grant vested (8,803 shares) and were settled in PDM common stock. In connection with this vesting, 4,388 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 George M. Wells	02/05/2026
	** 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).
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider stock transactions did PDM EVP George M. Wells report?

George M. Wells reported equity awards tied to compensation plans. He received 46,299 unrestricted common shares under the 2023-2025 long-term incentive performance share plan and had 20,988 of those shares delivered to Piedmont Realty Trust to satisfy tax withholding obligations.

How many Piedmont Realty Trust (PDM) shares does George M. Wells now hold?

After the February 3, 2026 transactions, George M. Wells directly held 146,861 shares of Piedmont Realty Trust common stock. He also beneficially owned 73,906 deferred stock units, each representing a contingent right to receive one share of PDM common stock, or cash at the company’s election.

What deferred stock units vested for PDM EVP George M. Wells on February 3, 2026?

On February 3, 2026, 8,803 deferred stock units from a 35,211-unit grant made on February 3, 2025 vested for George M. Wells. These units, vesting in four equal annual installments, were settled in common stock, with 4,388 shares delivered to Piedmont to satisfy withholding taxes.

How are George M. Wells’s PDM deferred stock units structured?

Each deferred stock unit reported by George M. Wells represents a contingent right to receive one share of PDM common stock. According to the disclosure, these deferred stock units may be settled either in cash or in common stock at Piedmont Realty Trust’s election when they vest.