Piedmont Realty Trust (PDM) EVP exercises 5,725 units, withholds shares for tax

Rhea-AI Filing Summary

Piedmont Realty Trust EVP of Investments Christopher A. Kollme reported equity award activity involving restricted stock units and common shares. On February 20, 2026, 5,725 restricted stock units were exercised and converted into 5,725 shares of PDM common stock at no exercise price.

In connection with this vesting and settlement, 2,436 common shares were surrendered to the company to cover tax withholding obligations, a non‑open‑market disposition. After these transactions, Kollme directly held 120,848 shares of common stock and 52,966 restricted stock units.

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

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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)
02/20/2026

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		5,725	A	(1)(2)	123,284	D
Common Stock	02/20/2026		F		2,436(2)	D	$7.98	120,848	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)	02/20/2026		M			5,725	(2)	(2)	Common Stock	5,725	$0	52,966	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 22,901 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 (5,725 shares) and were settled in PDM common stock. In connection with this vesting, 2,436 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	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did PDM executive Christopher Kollme report?

Christopher A. Kollme reported exercising 5,725 restricted stock units into PDM common stock and surrendering 2,436 shares for tax withholding. These actions reflect equity award vesting and related tax settlement, not an open‑market purchase or sale of shares.

How many Piedmont Realty Trust (PDM) shares did Kollme acquire in this filing?

Kollme acquired 5,725 PDM common shares through the exercise and settlement of restricted stock units at no exercise price. This reflects vesting of a prior deferred stock unit grant and increases his directly held common stock before tax withholding.

Why were 2,436 PDM shares disposed of in Kollme’s Form 4 filing?

The 2,436 PDM shares were surrendered to the company to satisfy tax withholding obligations related to the vesting of 5,725 deferred stock units. This tax‑withholding disposition is coded as “F” and is not an open‑market sale to third‑party investors.

What are deferred stock units in the context of PDM’s Form 4 filing?

Each deferred stock unit represents a contingent right to receive one PDM common share. According to the filing, deferred stock units may be settled in cash or PDM common stock at the company’s election when vesting and settlement conditions are met.

What are Christopher Kollme’s PDM holdings after these transactions?

After the reported transactions, Kollme directly held 120,848 shares of PDM common stock and 52,966 restricted stock units. These figures reflect the exercised 5,725 units and the 2,436 shares delivered back to Piedmont Realty Trust for tax withholding purposes.

How do the reported PDM equity awards for Kollme vest over time?

The filing notes a grant of 22,901 deferred stock units to Kollme on February 20, 2024, vesting in four equal annual installments. On February 20, 2026, the second 25% tranche, or 5,725 units, vested and was settled in PDM common stock.