Piedmont director exercises RSUs, gets new grant
Piedmont Realty Trust director Glenn Gary Cohen reported equity compensation activity.
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 Trade Summary
15,217 shares exercised/converted
Exercise
3 txns
Insider
COHEN GLENN GARY
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 |
Holdings After Transaction:
Restricted Stock Units — 12,883 contracts (Direct);
Common Stock — 82,083 shares (Direct)
Footnotes (3)
- 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.
- 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.
- F3. 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 exercised: 15,217 units
Common shares after exercise: 82,083 shares
New RSU grant: 12,883 units
+3 more
6 metrics
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
Key Terms
Restricted Stock Units, derivative security, Annual Meeting of Stockholders, contingent right
4 terms
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
