Piedmont Realty Trust (PDM) EVP reports RSU vesting and tax share disposal

Rhea-AI Filing Summary

Piedmont Realty Trust, Inc. executive Alex Valente, EVP and Co-COO, reported equity compensation activity involving restricted stock units and common shares. On February 23, 2026, 3,696 restricted stock units were exercised and converted into 3,696 shares of common stock at a price of $0.00 per share. In connection with this vesting, 1,647 common shares were disposed of at $7.62 per share to cover tax withholding obligations, as described in the footnotes. After these transactions, Valente directly held 83,232 shares of common stock and 152,984 restricted stock units.

Insider Trade Summary

3,696 shares exercised/converted

Mixed 3 txns

Insider Valente Alex

Role EVP- Co-COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,696	$0.00	--
Exercise	Common Stock	3,696	$0.00	--
Tax Withholding	Common Stock	1,647	$7.62	$13K

Holdings After Transaction: Restricted Stock Units — 152,984 shares (Direct); Common Stock — 84,879 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 14,784 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 (3,696 shares) and were settled in PDM common stock. In connection with this vesting, 1,647 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

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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^*

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)
02/23/2026

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		3,696	A	(1)(2)	84,879	D
Common Stock	02/23/2026		F		1,647(2)	D	$7.62	83,232	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)	02/23/2026		M			3,696	(2)	(2)	Common Stock	3,696	$0	152,984	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 14,784 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 (3,696 shares) and were settled in PDM common stock. In connection with this vesting, 1,647 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 Alex Valente	02/25/2026
	** 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 Alex Valente report?

Alex Valente reported an equity compensation vesting where 3,696 restricted stock units were converted into common stock and 1,647 common shares were disposed of to satisfy tax withholding. These transactions reflect routine settlement of previously granted deferred stock units.

How many Piedmont Realty Trust (PDM) shares did Alex Valente acquire?

Alex Valente acquired 3,696 shares of Piedmont Realty Trust common stock through the exercise and settlement of restricted stock units at $0.00 per share. These shares came from a 2023 deferred stock unit grant that vests in four equal annual installments.

Why were 1,647 PDM shares disposed of by Alex Valente?

1,647 common shares were forfeited and delivered to Piedmont Realty Trust to cover tax withholding obligations related to the vesting of restricted stock units. This tax-withholding disposition is coded as an “F” transaction and is common for equity compensation events.

What is Alex Valente’s ownership in PDM after these transactions?

Following the reported transactions, Alex Valente directly held 83,232 shares of Piedmont Realty Trust common stock and 152,984 restricted stock units. These positions reflect his updated equity stake after the vesting of deferred stock units and related tax-withholding share disposition.

What were the terms of Alex Valente’s 2023 deferred stock unit grant at PDM?

On February 23, 2023, Alex Valente received 14,784 deferred stock units, vesting in four equal annual installments. On February 23, 2026, the third 25% tranche, or 3,696 units, vested and was settled in Piedmont Realty Trust common stock according to the disclosed award terms.

How are PDM deferred stock units settled for Alex Valente?

Each PDM deferred stock unit represents a contingent right to receive one share of common stock. According to the disclosure, deferred stock units may be settled either in cash or in common stock, at Piedmont Realty Trust’s election, when the specified vesting conditions are met.