Piedmont EVP gets 22,561 new deferred stock units

Piedmont Realty Trust EVP and Co-COO Alex Valente reported equity compensation and related share settlements.

Rhea-AI Filing Summary

Piedmont Realty Trust EVP and Co-COO Alex Valente reported equity compensation and related share settlements. On February 17, 2026, he was granted 22,561 deferred stock units, each representing a contingent right to one share of PDM common stock and vesting in four equal annual installments beginning on the anniversary of the grant date.

On February 13, 2026, the final 25% of a prior grant of 21,564 restricted stock units vested, resulting in 5,391 shares of common stock being issued. In connection with this vesting, 2,402 shares of common stock were delivered to Piedmont at a price of $8.25 per share to satisfy tax withholding obligations.

Insider Trade Summary

5,391 shares exercised/converted

Exercise 4 txns

Insider Valente Alex

Role EVP- Co-COO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	22,561	$0.00	$0.00
Exercise	Restricted Stock Units	5,391	$0.00	$0.00
Exercise	Common Stock	5,391	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,402	$8.25	$20K

Holdings After Transaction: Restricted Stock Units — 162,786 contracts (Direct); Common Stock — 77,797 shares (Direct)

Footnotes (3)

1. F1. 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. F2. On February 13, 2023, the reporting person was granted 21,564 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 13, 2026, the final 25% of the grant vested (5,391 shares), and were settled in PDM common stock. In connection with this vesting, 2,402 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
3. F3. On February 17, 2026, the reporting person was granted 22,561 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Piedmont Realty Trust (PDM) report for Alex Valente?

Piedmont Realty Trust reported equity-related transactions for EVP and Co-COO Alex Valente. These included a new grant of deferred stock units, vesting of previously granted restricted stock units, and delivery of shares to satisfy associated tax withholding obligations.

How many deferred stock units were granted to Alex Valente at Piedmont Realty Trust (PDM)?

Alex Valente was granted 22,561 deferred stock units on February 17, 2026. These units vest in four equal, annual installments beginning on the anniversary of the grant date, and each unit represents a contingent right to receive one share of PDM common stock.

What happened when Alex Valente’s prior restricted stock units vested at Piedmont Realty Trust (PDM)?

A prior grant of 21,564 restricted stock units vested in four equal installments. On February 13, 2026, the final 25% vested, resulting in 5,391 shares of PDM common stock being issued as part of this scheduled vesting event.

Why were 2,402 Piedmont Realty Trust (PDM) shares delivered back in Alex Valente’s Form 4?

In connection with the February 13, 2026 vesting, 2,402 PDM common shares were forfeited and delivered to Piedmont. This transaction, priced at $8.25 per share, satisfied the employee’s tax withholding obligations associated with the restricted stock unit vesting.

How do Piedmont Realty Trust (PDM) deferred stock units for Alex Valente settle?

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

What is Alex Valente’s role at Piedmont Realty Trust (PDM) mentioned in the Form 4?

The Form 4 identifies Alex Valente as an officer of Piedmont Realty Trust serving as Executive Vice President and Co-Chief Operating Officer. The reported transactions relate to his equity-based compensation and associated tax withholding share deliveries.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/18/2026 - 04:28 PM Learn about SEC filing dates

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^*

Valente Alex

(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- Co-COO

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		M		5,391	A	(1)(2)	80,199	D
Common Stock	02/13/2026		F		2,402(2)	D	$8.25	77,797	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	(1)	02/13/2026		M			5,391	(2)	(2)	Common Stock	5,391	$0	140,225	D
Restricted Stock Units	(1)	02/17/2026		A		22,561		(3)	(3)	Common Stock	22,561	$0	162,786	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 13, 2023, the reporting person was granted 21,564 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 13, 2026, the final 25% of the grant vested (5,391 shares), and were settled in PDM common stock. In connection with this vesting, 2,402 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

3. On February 17, 2026, the reporting person was granted 22,561 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.

Remarks:

	/s/ M. Wade Grace III as Attorney-in-Fact for Alex Valente	02/18/2026
	** 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.
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