Piedmont Realty SVP exercises 4,007 stock units

Piedmont Realty Trust SVP-CAO Laura P. Moon reported equity award activity.

Rhea-AI Filing Summary

Piedmont Realty Trust SVP-CAO Laura P. Moon reported equity award activity. On February 20, 2026, she exercised 4,007 restricted stock units for 4,007 shares of common stock at $0.00 per share. In connection with the vesting, 1,785 common shares valued at $7.98 per share were withheld and delivered to the company to cover tax obligations, leaving 77,813 common shares held directly.

Insider Trade Summary

4,007 shares exercised/converted

Exercise 3 txns

Insider Moon Laura P

Role SVP- CAO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,007	$0.00	$0.00
Exercise	Common Stock	4,007	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,785	$7.98	$14K

Holdings After Transaction: Restricted Stock Units — 137,602 contracts (Direct); Common Stock — 77,813 shares (Direct)

Footnotes (2)

1. F1. 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. F2. On February 20, 2024, the reporting person was granted 16,031 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 20, 2026, the second 25% of the grant vested (4,007 shares) and were settled in PDM common stock. In connection with this vesting, 1,785 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

FAQ

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What insider transactions did PDM executive Laura Moon report on February 20, 2026?

Laura P. Moon reported exercising 4,007 restricted stock units into 4,007 shares of Piedmont Realty Trust common stock. In the same event, 1,785 common shares were delivered to the company at $7.98 per share to satisfy tax withholding obligations tied to the vesting.

How many Piedmont Realty Trust (PDM) shares does Laura Moon own after these Form 4 transactions?

After the reported transactions, Laura P. Moon directly owns 77,813 shares of Piedmont Realty Trust common stock. The filing also notes 137,602 restricted stock units or related derivative securities following the exercise, reflecting her remaining equity-based incentives with the company after the vesting event.

Were Laura Moon’s PDM Form 4 transactions open-market purchases or sales?

The Form 4 shows no open-market buys or sells by Laura P. Moon. The activity reflects an exercise of 4,007 restricted stock units and a disposition of 1,785 shares solely to cover tax withholding obligations associated with the vesting of those equity awards.

What equity award vesting did Piedmont Realty Trust (PDM) disclose for Laura Moon?

Footnotes explain a grant of 16,031 deferred stock units on February 20, 2024, vesting in four equal annual installments. On February 20, 2026, the second 25% tranche, or 4,007 units, vested and was settled in Piedmont Realty Trust common stock for the reporting executive.

How were taxes handled on Laura Moon’s vested PDM stock units?

To satisfy tax withholding obligations on the vesting, 1,785 shares of Piedmont Realty Trust common stock were forfeited and delivered back to the company. This disposition, reported with transaction code “F,” reflects payment of the tax liability using shares rather than a separate cash payment.

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Accepted by SEC EDGAR 02/23/2026 - 04:56 PM EST 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
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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^*

Moon Laura P

(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)
	SVP- CAO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		M		4,007	A	(1)(2)	79,598	D
Common Stock	02/20/2026		F		1,785(2)	D	$7.98	77,813	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)	02/20/2026		M			4,007	(2)	(2)	Common Stock	4,007	$0	137,602	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 20, 2024, the reporting person was granted 16,031 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 20, 2026, the second 25% of the grant vested (4,007 shares) and were settled in PDM common stock. In connection with this vesting, 1,785 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 Laura P. Moon	02/23/2026
	** 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).
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