Executive Laura Moon (PDM) gains 2,640 shares as RSUs vest, 1,176 withheld

Rhea-AI Filing Summary

Piedmont Realty Trust EVP-CAO Laura P. Moon reported equity award activity. On February 23, 2026, 2,640 deferred stock units from a 2023 grant vested and were settled in Piedmont common stock. These units are part of a 10,560-unit award vesting in four equal annual installments.

In connection with this vesting, 1,176 common shares were forfeited and delivered back to Piedmont to cover tax withholding obligations, a non‑open‑market disposition. After these transactions, Moon directly held 79,277 common shares and 134,962 deferred/restricted stock units.

Insider Trade Summary

2,640 shares exercised/converted

Mixed 3 txns

Insider Moon Laura P

Role EVP- CAO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,640	$0.00	--
Exercise	Common Stock	2,640	$0.00	--
Tax Withholding	Common Stock	1,176	$7.62	$9K

Holdings After Transaction: Restricted Stock Units — 134,962 shares (Direct); Common Stock — 80,453 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 10,560 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 (2,640 shares) and were settled in PDM common stock. In connection with this vesting, 1,176 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

OMB Number:			3235-0287
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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^*

Moon Laura P

(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- CAO

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		2,640	A	(1)(2)	80,453	D
Common Stock	02/23/2026		F		1,176(2)	D	$7.62	79,277	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			2,640	(2)	(2)	Common Stock	2,640	$0	134,962	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 10,560 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 (2,640 shares) and were settled in PDM common stock. In connection with this vesting, 1,176 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 Laura P. Moon	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 Piedmont Realty Trust (PDM) report for Laura P. Moon?

Laura P. Moon reported RSU vesting and related tax withholding. On February 23, 2026, 2,640 deferred stock units vested into common stock, and 1,176 common shares were forfeited and delivered to Piedmont to satisfy tax withholding obligations, rather than sold on the open market.

How many Piedmont Realty Trust (PDM) shares vested for Laura P. Moon?

2,640 deferred stock units vested into common stock for Laura P. Moon. These units represent the third 25% installment of a 10,560-unit award granted on February 23, 2023, which vests in four equal annual installments on each anniversary of the grant date.

Were any Piedmont Realty Trust (PDM) shares sold on the open market in this Form 4?

No open-market sales were reported. The only disposition was 1,176 common shares forfeited and delivered back to Piedmont to cover tax withholding tied to the RSU vesting, recorded under transaction code F rather than a market sale transaction.

What is Laura P. Moon’s direct ownership in Piedmont Realty Trust (PDM) after these transactions?

After the transactions, Moon directly held 79,277 common shares. She also held 134,962 deferred or restricted stock units, each representing a contingent right to receive one share of PDM common stock or cash, at the company’s election, according to the disclosure.

What was the original deferred stock unit grant for Piedmont Realty Trust (PDM) to Laura P. Moon?

Moon received a grant of 10,560 deferred stock units on February 23, 2023. The award vests in four equal annual installments. On February 23, 2026, the third 25% installment, or 2,640 units, vested and was settled in PDM common stock for the executive.

How were Laura P. Moon’s vested Piedmont Realty Trust (PDM) units settled?

The 2,640 vested deferred stock units were settled in PDM common stock. Each deferred stock unit represents a contingent right to receive one share of common stock, and the company can elect to settle such units in either cash or common stock upon vesting.