Piedmont Realty director logs RSU vesting, tax shares

Piedmont Realty Trust director Barbara B. Lang reported routine equity compensation activity involving common stock and restricted stock units.

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.

Insider Trade Summary

15,217 shares exercised/converted

Exercise 4 txns

Insider Lang Barbara B

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	15,217	$0.00	$0.00
Grant/Award	Restricted Stock Units	12,883	$0.00	$0.00
Exercise	Common Stock	15,217	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	4,566	$8.15	$37K

Holdings After Transaction: Restricted Stock Units — 12,883 contracts (Direct); Common Stock — 61,842 shares (Direct)

Footnotes (4)

1. F1. 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.
2. F2. 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.
3. F3. 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.
4. F4. 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

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

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.

How many Piedmont Realty Trust (PDM) shares does Barbara B. Lang hold after these Form 4 transactions?

After the reported transactions, Barbara B. Lang directly holds 61,842 shares of Piedmont Realty Trust common stock. In addition, she holds 12,883 restricted stock units, each representing a contingent right to receive one share of common stock upon future vesting.

Was the 4,566-share disposition by PDM director Barbara Lang an open-market sale?

The 4,566-share disposition was not an open-market sale. These shares were forfeited and delivered to Piedmont Realty Trust to satisfy tax withholding obligations in connection with the vesting of 15,217 deferred stock units, as described in the Form 4 footnotes.

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.

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 05/13/2026 - 04:22 PM EDT 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^*

Lang Barbara B

(Last) (First) (Middle)

5565 GLENRIDGE CONNECTOR

STE. 450

(Street)

ATLANTA GEORGIA 30342

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/12/2026		M		15,217	A	(1)(2)	66,408	D
Common Stock	05/12/2026		F		4,566(3)	D	$8.15	61,842	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)	05/12/2026		M			15,217	(2)	(2)	Common Stock	15,217	$0	0	D
Restricted Stock Units	$0(1)	05/12/2026		A		12,883		(4)	(4)	Common Stock	12,883	$0	12,883	D

Explanation of Responses:

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.

2. 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.

3. 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.

4. 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.

Remarks:

	/s/ M. Wade Grace III, as Attorney-in-Fact for Barbara B. Lang	05/13/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)