Piedmont director exercises 15,217 RSUs into shares
Piedmont Realty Trust director Barrett Kelly Hefner reported equity compensation changes involving common stock and restricted stock units.
Rhea-AI Filing Summary
Piedmont Realty Trust director Barrett Kelly Hefner reported equity compensation changes involving common stock and restricted stock units. On May 12, 2026, Hefner exercised 15,217 restricted stock units into 15,217 shares of common stock, increasing direct common stock holdings to 97,426 shares.
On the same date, Hefner received a new grant of 12,883 restricted stock units, each representing a contingent right to one share of common stock. These units will vest at the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the grant date in May 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,217 shares exercised/converted
Exercise
3 txns
Insider
BARRETT KELLY HEFNER
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,217 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 12,883 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,217 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 12,883 contracts (Direct);
Common Stock — 97,426 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. On May 15, 2025, at the 2025 Annual Meeting of Stockholders of Piedmont Realty Trust, Inc., the reporting person was granted 15,217 restricted stock units, which vested at the 2026 Annual Meeting of Stockholders on May 12, 2026, and was settled in PDM common stock.
- F3. On May 12, 2026, at the 2026 Annual Meeting of Stockholders of Piedmont Realty Trust, Inc., the reporting person was granted 12,883 restricted stock units, which will vest on the earlier of the 2027 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2027.
Key Figures
RSUs exercised into shares: 15,217 shares
New RSU grant: 12,883 units
Common shares after transactions: 97,426 shares
+2 more
5 metrics
RSUs exercised into shares
15,217 shares
Restricted stock units converted to common stock on May 12, 2026
New RSU grant
12,883 units
Restricted stock units granted on May 12, 2026
Common shares after transactions
97,426 shares
Direct common stock holdings following Form 4 transactions
RSU-to-share ratio
1 unit = 1 share
Each restricted stock unit represents one PDM common share
Exercise events
1 exercise, 15,217 units
Derivative exercise/conversion count and shares in transaction summary
Key Terms
Restricted Stock Units, derivative security, Annual Meeting of Stockholders, grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of PDM common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Annual Meeting of Stockholders financial
"vested at the 2026 Annual Meeting of Stockholders on May 12, 2026"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PDM director Barrett Kelly Hefner report?
Barrett Kelly Hefner reported exercising 15,217 restricted stock units into common shares and receiving a new grant of 12,883 restricted stock units. These actions are compensation-related equity movements, not open-market stock purchases or sales.
What are the terms of Barrett Kelly Hefner’s new restricted stock unit grant at PDM?
Hefner received 12,883 restricted stock units, each tied to one share of PDM common stock. These units vest on the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the May 12, 2026 grant date.
Were Barrett Kelly Hefner’s PDM transactions open-market trades?
No, the reported transactions were not open-market trades. They involved the exercise of 15,217 previously granted restricted stock units into common shares and a new compensation grant of 12,883 restricted stock units, all at a stated price of $0.00 per unit.
AI-generated analysis. How Rhea-AI works. Not financial advice.
