Piedmont (PDM) EVP gets stock units, RSUs vest and tax shares withheld

Rhea-AI Filing Summary

Piedmont Realty Trust EVP of Investments Christopher A. Kollme reported equity compensation and related share movements. On February 17, 2026, he received a grant of 19,512 deferred stock units that vest in four equal annual installments beginning on the anniversary of the grant date.

On February 13, 2026, 4,502 restricted stock units from a February 13, 2023 award vested and were settled in common stock, and 1,916 shares of common stock at $8.25 per share were withheld and delivered to Piedmont to cover tax obligations. After these transactions, he directly held 58,691 deferred or restricted stock units and 117,559 shares of common stock.

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

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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^*

Kollme Christopher A.

(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)
	EVP of Investments

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		M		4,502	A	(1)(2)	119,475	D
Common Stock	02/13/2026		F		1,916(2)	D	$8.25	117,559	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)	02/13/2026		M			4,502	(2)	(2)	Common Stock	4,502	$0	39,179	D
Restricted Stock Units	$0(1)	02/17/2026		A		19,512		(3)	(3)	Common Stock	19,512	$0	58,691	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 13, 2023, the reporting person was granted 18,009 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 13, 2026, the final 25% of the grant vested (4,502 shares), and were settled in PDM common stock. In connection with this vesting, 1,916 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

3. On February 17, 2026, the reporting person was granted 19,512 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.

Remarks:

	/s/ M. Wade Grace III as Attorney-in-Fact for Christopher A. Kollme	02/18/2026
	** 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.
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FAQ

What equity awards did PDM executive Christopher Kollme receive in this Form 4?

Christopher Kollme received a grant of 19,512 deferred stock units on February 17, 2026. These units vest in four equal, annual installments starting on the first anniversary of the grant date, representing long-term, stock-based compensation from Piedmont Realty Trust (PDM).

How did the February 13, 2026 restricted stock units vesting affect PDM stock held by Kollme?

On February 13, 2026, 4,502 restricted stock units from a 2023 grant vested and were settled in PDM common stock. This increased his common share holdings while reducing his restricted unit balance by the same amount through derivative exercise and conversion.

Why were 1,916 shares of PDM common stock withheld from Christopher Kollme?

1,916 PDM common shares at $8.25 per share were forfeited and delivered to Piedmont to satisfy tax withholding obligations tied to the vesting of restricted stock units. This is recorded as a tax-withholding disposition, not an open-market stock sale.

What are deferred stock units reported in Christopher Kollme’s PDM filing?

Each deferred stock unit represents a contingent right to one PDM common share. According to the filing, deferred stock units may be settled in cash or common stock at Piedmont Realty Trust’s election, and they generally vest over a multi-year schedule.

What are Christopher Kollme’s PDM holdings after these Form 4 transactions?

Following the reported transactions, Christopher Kollme directly held 58,691 deferred or restricted stock units and 117,559 shares of PDM common stock. These figures reflect the new equity grant, RSU vesting, and the shares withheld to cover associated tax liabilities.

Does this PDM Form 4 show open-market buying or selling by Christopher Kollme?

The transactions involve equity grants, RSU vesting, derivative exercises, and tax-withholding. The disposition of 1,916 shares is specifically for tax withholding, not an open-market sale, and there are no open-market purchase transactions reported in this Form 4.