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Piedmont Realty Trust (PDM) director exercises 15,217 RSUs, receives new 12,883-unit grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Piedmont Realty Trust director Mary M. Hager reported equity compensation activity tied to the 2025 and 2026 annual meetings. On May 12, 2026, previously granted 15,217 restricted stock units vested and were exercised into 15,217 shares of common stock, bringing her direct common stock holdings to 49,190 shares.

At the same 2026 annual meeting, she also received a new grant of 12,883 restricted stock units, each representing a contingent right to one share of common stock that will vest at the 2027 annual meeting or on the grant-date anniversary in May 2027.

Positive

  • None.

Negative

  • None.
Insider Hager Mary M.
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 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 49,190 shares (Direct, null)
Footnotes (1)
  1. 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. 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 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.
RSUs exercised 15,217 units Restricted stock units vested and settled into common stock on May 12, 2026
Common shares held after exercise 49,190 shares Direct common stock holdings following May 12, 2026 transactions
New RSU grant 12,883 units Restricted stock units granted May 12, 2026, vesting by 2027 meeting or anniversary
Exercise transactions 15,217 shares Aggregate derivative exercise shares in transaction summary
Restricted Stock Units financial
"the reporting person was granted 15,217 restricted stock units, which vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
Annual Meeting of Stockholders financial
"at the 2025 Annual Meeting of Stockholders of Piedmont Realty Trust, Inc."
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Hager Mary M.
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/12/2026M15,217A(1)(2)49,190D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(2)05/12/2026M15,217 (1) (1)Common Stock15,217$00D
Restricted Stock Units$0(2)05/12/2026A12,883 (3) (3)Common Stock12,883$012,883D
Explanation of Responses:
1. 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.
2. 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.
3. 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 Mary M. Hager05/13/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Mary M. Hager report at Piedmont Realty Trust (PDM)?

Mary M. Hager reported equity compensation transactions, including the vesting and exercise of 15,217 restricted stock units into common shares and a new grant of 12,883 restricted stock units, all dated May 12, 2026 and tied to annual stockholder meetings.

How many Piedmont Realty Trust (PDM) shares does Mary M. Hager hold after these transactions?

Following the May 12, 2026 exercise, Mary M. Hager directly holds 49,190 shares of Piedmont Realty Trust common stock. These holdings reflect settlement of 15,217 previously granted restricted stock units into common shares reported in the Form 4 filing.

What happened to the 15,217 restricted stock units granted to Mary M. Hager in 2025?

The 15,217 restricted stock units granted on May 15, 2025 vested at the 2026 Annual Meeting of Stockholders on May 12, 2026. They were then settled in 15,217 shares of Piedmont Realty Trust common stock, as disclosed in the Form 4 footnotes.

What are the terms of Mary M. Hager’s new 12,883 restricted stock unit grant at PDM?

On May 12, 2026, Mary M. Hager received 12,883 restricted stock units. Each unit represents a contingent right to one share of PDM common stock and will vest at the 2027 Annual Meeting of Stockholders or on the grant-date anniversary in May 2027, whichever occurs first.

Can Mary M. Hager’s restricted stock units at Piedmont Realty Trust be settled in cash?

Each restricted stock unit represents a contingent right to receive one share of Piedmont Realty Trust common stock. According to the disclosure, restricted stock units may be settled in either cash or common stock at the company’s election when they vest and are settled.