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

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

Rhea-AI Filing Summary

Piedmont Realty Trust director Glenn Gary Cohen reported equity compensation activity. On May 12, 2026, he exercised 15,217 restricted stock units that had vested, receiving the same number of shares of Piedmont common stock. These units were originally granted on May 15, 2025 and vested at the 2026 Annual Meeting of Stockholders.

On the same date, Cohen also received a new grant of 12,883 restricted stock units, which will vest at the earlier of the 2027 Annual Meeting of Stockholders or the first anniversary of the grant date in May 2027. After these transactions, he directly holds 82,083 shares of common stock and 12,883 restricted stock units.

Positive

  • None.

Negative

  • None.
Insider COHEN GLENN GARY
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 — 82,083 shares (Direct, null)
Footnotes (1)
  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. 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 Exercised into common stock on May 12, 2026
Common shares after exercise 82,083 shares Direct holdings following May 12, 2026 transactions
New RSU grant 12,883 units Granted May 12, 2026, vesting by 2027 meeting or anniversary
RSUs held after grant 12,883 units Outstanding restricted stock units after reported transactions
Exercise transactions 1 transaction, 15,217 shares Derivative exercise/conversion count and shares
Grant transactions 1 transaction, 12,883 units Grant, award, or other acquisition of RSUs
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of PDM common stock."
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.
derivative security financial
"transaction_code_description: 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.
Annual Meeting of Stockholders financial
"vested at the 2026 Annual Meeting of Stockholders on May 12, 2026"
contingent right financial
"represents a contingent right to receive one share of PDM common stock"
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*
COHEN GLENN GARY
(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)82,083D
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(1)05/12/2026M15,217 (2) (2)Common Stock15,217$00D
Restricted Stock Units$0(1)05/12/2026A12,883 (3) (3)Common Stock12,883$012,883D
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. 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 Glenn G. Cohen05/13/2026
** 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 PDM director Glenn Gary Cohen report?

Glenn Gary Cohen reported exercising 15,217 restricted stock units into Piedmont Realty Trust common shares and receiving a new grant of 12,883 restricted stock units. These actions reflect routine equity compensation rather than open-market buying or selling activity.

Did the PDM insider Glenn Gary Cohen sell any shares in this Form 4?

No shares were sold in this Form 4. Cohen exercised 15,217 restricted stock units into common stock and received a new award of 12,883 restricted stock units, with all reported transactions categorized as acquisitions rather than dispositions.

How many PDM shares does Glenn Gary Cohen hold after these transactions?

After the reported transactions, Cohen directly holds 82,083 shares of Piedmont Realty Trust common stock. In addition, he holds 12,883 restricted stock units that represent a contingent right to receive an equivalent number of shares upon future vesting.

What new restricted stock units did PDM grant to Glenn Gary Cohen?

On May 12, 2026, Cohen received 12,883 restricted stock units tied to Piedmont Realty Trust common stock. These units will vest on the earlier of the 2027 Annual Meeting of Stockholders or the first anniversary of the grant date in May 2027.

When did the exercised 15,217 PDM restricted stock units originally vest?

The 15,217 restricted stock units that Cohen exercised on May 12, 2026 were granted on May 15, 2025 and vested at the 2026 Annual Meeting of Stockholders on May 12, 2026, then were settled in Piedmont Realty Trust common stock.

How do PDM restricted stock units work for Glenn Gary Cohen?

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 Piedmont’s election when they vest and are settled.