Executive at Piedmont Realty Trust (NYSE: PDM) settles RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Piedmont Realty Trust EVP of Investments Christopher A. Kollme reported equity compensation activity involving restricted stock units and common stock. On February 23, 2026, 3,960 deferred stock units vested and were settled into an equal number of shares of PDM common stock at a stated price of $0.00 per share, reflecting an exercise or conversion of a derivative award rather than an open-market purchase. In connection with this vesting, 1,685 common shares were forfeited and delivered back to Piedmont Realty Trust at $7.62 per share to satisfy tax withholding obligations. After these transactions, Kollme directly owned 123,123 shares of common stock.

Insider Trade Summary

3,960 shares exercised/converted

Mixed 3 txns

Insider Kollme Christopher A.

Role EVP of Investments

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,960	$0.00	--
Exercise	Common Stock	3,960	$0.00	--
Tax Withholding	Common Stock	1,685	$7.62	$13K

Holdings After Transaction: Restricted Stock Units — 49,006 shares (Direct); Common Stock — 124,808 shares (Direct)

Footnotes (1)

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. On February 23, 2023, the reporting person was granted 15,839 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 23, 2026, the third 25% of the grant vested (3,960 shares) and were settled in PDM common stock. In connection with this vesting, 1,685 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Kollme Christopher A.

(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 of Investments

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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	02/23/2026		M		3,960	A	(1)(2)	124,808	D
Common Stock	02/23/2026		F		1,685(2)	D	$7.62	123,123	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	$0(1)	02/23/2026		M			3,960	(2)	(2)	Common Stock	3,960	$0	49,006	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 23, 2023, the reporting person was granted 15,839 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 23, 2026, the third 25% of the grant vested (3,960 shares) and were settled in PDM common stock. In connection with this vesting, 1,685 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 Christopher A. Kollme	02/25/2026
	** 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.

FAQ

What insider transactions did PDM executive Christopher A. Kollme report?

Christopher A. Kollme reported vesting of 3,960 deferred stock units into PDM common stock and a related forfeiture of 1,685 shares to cover tax withholding obligations. These movements reflect equity compensation settlement, not open-market buying or selling.

How many Piedmont Realty Trust (PDM) shares did Kollme acquire from RSU vesting?

Kollme acquired 3,960 shares of PDM common stock through the vesting and settlement of an equal number of deferred stock units. Each deferred stock unit represents a right to receive one share, and this tranche represented the third 25% of a prior award.

Why were 1,685 PDM common shares forfeited by Christopher A. Kollme?

In connection with the RSU vesting, 1,685 PDM common shares were forfeited and delivered to the company to satisfy tax withholding obligations. This “F” code transaction is a tax-withholding disposition, not an open-market sale by the executive.

What was the origin of the vested deferred stock units for PDM’s EVP of Investments?

The vested units came from a grant of 15,839 deferred stock units awarded on February 23, 2023, vesting in four equal annual installments. On February 23, 2026, the third 25% tranche, totaling 3,960 units, vested and was settled in PDM common stock.

How many PDM common shares does Christopher A. Kollme hold after these transactions?

Following the reported RSU conversion and tax-withholding share forfeiture, Christopher A. Kollme directly owned 123,123 shares of PDM common stock. This total reflects his direct holdings after giving back 1,685 shares for tax obligations tied to the vesting.

How can Piedmont Realty Trust (PDM) settle deferred stock units reported in this filing?

Each deferred stock unit represents a contingent right to receive one PDM common share. According to the disclosure, these units may be settled either in cash or in PDM common stock, at Piedmont Realty Trust’s election at the time of settlement.