Piedmont Realty Trust (PDM) director reports RSU vesting, tax withholding and new equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Piedmont Realty Trust director Barbara B. Lang reported routine equity compensation activity involving common stock and restricted stock units. On May 12, 2026, 15,217 restricted stock units vested and were settled in common stock, while 4,566 shares were delivered back to the company to satisfy tax withholding obligations.
Following these events, she held 61,842 shares of common stock directly. On the same date, she was granted 12,883 new restricted stock units, each representing a contingent right to receive one share of common stock, which will vest at the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,217 shares exercised/converted
Mixed
4 txns
Insider
Lang Barbara B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,217 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 12,883 | $0.00 | -- |
| Exercise | Common Stock | 15,217 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,566 | $8.15 | $37K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 66,408 shares (Direct, null)
Footnotes (1)
- 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. 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. In connection with the vesting of 15,217 shares of deferred stock on May 12, 2026, 4,566 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations. 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 vested and settled: 15,217 units
Shares for tax withholding: 4,566 shares
New RSU grant: 12,883 units
+3 more
6 metrics
RSUs vested and settled
15,217 units
Restricted stock units vested and settled in common stock on May 12, 2026
Shares for tax withholding
4,566 shares
Shares forfeited and delivered to company to satisfy tax withholding
New RSU grant
12,883 units
Restricted stock units granted on May 12, 2026
Common shares held after transaction
61,842 shares
Direct common stock holdings following reported transactions
RSUs outstanding after grant
12,883 units
Restricted stock units remaining after reported derivative transactions
Transaction price for tax shares
$8.15 per share
Value used for 4,566-share tax-withholding disposition
Key Terms
restricted stock unit, tax withholding obligations, Annual Meeting of Stockholders, deferred stock, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of PDM common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"4,566 shares were forfeited by the reporting person and delivered to the Company to satisfy tax withholding obligations."
Annual Meeting of Stockholders regulatory
"at the 2025 Annual Meeting of Stockholders of Piedmont Realty Trust, Inc., the reporting person was granted 15,217 restricted stock units"
deferred stock financial
"In connection with the vesting of 15,217 shares of deferred stock on May 12, 2026, 4,566 shares were forfeited"
derivative security financial
"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.
FAQ
What insider transactions did PDM director Barbara B. Lang report on May 12, 2026?
Barbara B. Lang reported vesting of 15,217 restricted stock units into common stock and a tax-withholding disposition of 4,566 shares. She also received a new grant of 12,883 restricted stock units tied to future vesting conditions at Piedmont Realty Trust.
What are the terms of Barbara B. Lang’s 12,883 new restricted stock units at PDM?
The 12,883 new restricted stock units were granted on May 12, 2026, and will vest on the earlier of the 2027 Annual Meeting of Stockholders or the first anniversary of the grant date, providing future rights to receive an equal number of PDM common shares.
How were the 15,217 restricted stock units previously granted to PDM director Barbara Lang structured?
The 15,217 restricted stock units were granted at the May 15, 2025 Annual Meeting and vested at the 2026 Annual Meeting on May 12, 2026. Upon vesting, they were settled in Piedmont Realty Trust common stock according to the Form 4 footnote disclosures.