Piedmont Realty Trust (PDM) CEO reports RSU vesting, new deferred stock grant

Rhea-AI Filing Summary

Piedmont Realty Trust director and CEO Christopher Brent Smith reported equity award activity and related tax withholding. On February 17, 2026, he received a grant of 165,854 deferred stock units that vest in four equal annual installments beginning on the anniversary of the grant date.

On February 13, 2026, the final 25% of a prior 150,711 restricted stock unit grant vested, resulting in 37,677 shares settling in Piedmont common stock, with 16,782 shares delivered back to the company to satisfy tax withholding obligations. Following these transactions, his directly held positions include both restricted/deferred stock units and common shares as reported in the filing.

Insider Trade Summary

37,677 shares exercised/converted

Mixed 4 txns

Insider Smith Christopher Brent

Role President & Chief Exec. Off

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	165,854	$0.00	--
Exercise	Restricted Stock Units	37,677	$0.00	--
Exercise	Common Stock	37,677	$0.00	--
Tax Withholding	Common Stock	16,782	$8.25	$138K

Holdings After Transaction: Restricted Stock Units — 508,880 shares (Direct); Common Stock — 664,000 shares (Direct)

Footnotes (1)

1. On February 13, 2023, the reporting person was granted 150,711 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 (37,677 shares), and were settled in PDM common stock. In connection with this vesting, 16,782 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations. 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 17, 2026, the reporting person was granted 165,854 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.

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^*

Smith Christopher Brent

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & Chief Exec. Off

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		37,677	A	(1)(2)	664,000	D
Common Stock	02/13/2026		F		16,782(1)	D	$8.25	647,218	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(2)	02/13/2026		M			37,677	(1)	(1)	Common Stock	37,677	$0	343,026	D
Restricted Stock Units	$0(2)	02/17/2026		A		165,854		(3)	(3)	Common Stock	165,854	$0	508,880	D

Explanation of Responses:

1. On February 13, 2023, the reporting person was granted 150,711 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 (37,677 shares), and were settled in PDM common stock. In connection with this vesting, 16,782 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

2. 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.

3. On February 17, 2026, the reporting person was granted 165,854 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 Christopher Brent Smith	02/18/2026
	** Signature of Reporting Person	Date
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