Piedmont Realty Trust (PDM) EVP reports new 36,585-unit equity grant

Rhea-AI Filing Summary

Piedmont Realty Trust EVP and Co-COO George M. Wells reported equity compensation activity. On February 17, 2026, he received a grant of 36,585 deferred stock units, vesting in four equal annual installments beginning on the anniversary of the grant date.

On February 13, 2026, the final 25% of a prior February 13, 2023 restricted stock unit grant vested, converting 5,450 units into common stock. In connection with this vesting, 2,428 common shares were forfeited and delivered to Piedmont Realty Trust at a price of $8.25 per share to satisfy tax withholding obligations.

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^*

Wells George M.

(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- Co-COO

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		5,450	A	(1)(2)	152,311	D
Common Stock	02/13/2026		F		2,428(1)	D	$8.25	149,883	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(2)	02/13/2026		M			5,450	(1)	(1)	Common Stock	5,450	$0	68,456	D
Restricted Stock Units	$0(2)	02/17/2026		A		36,585		(3)	(3)	Common Stock	36,585	$0	105,041	D

Explanation of Responses:

1. On February 13, 2023, the reporting person was granted 21,801 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 (5,450 shares), and were settled in PDM common stock. In connection with this vesting, 2,428 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

2. 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.

3. On February 17, 2026, the reporting person was granted 36,585 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 George M. Wells	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did PDM executive George M. Wells report on this Form 4?

George M. Wells reported equity compensation activity involving restricted and deferred stock units. He received a new grant, had prior units vest into common stock, and surrendered some shares back to Piedmont Realty Trust to cover associated tax withholding obligations.

How many deferred stock units did PDM grant to George M. Wells?

Piedmont Realty Trust granted 36,585 deferred stock units to George M. Wells. These units vest in four equal, annual installments beginning on the anniversary of the February 17, 2026 grant date, providing him with future rights tied to the company’s common stock.

What happened when George M. Wells’s earlier PDM restricted stock units vested?

The final 25% of a prior restricted stock unit grant vested into 5,450 shares of PDM common stock. This vesting completed a four-year schedule that began with the February 13, 2023 grant, converting the last quarter of those units into shares.

Why were 2,428 PDM shares delivered back to the company by George M. Wells?

George M. Wells forfeited and delivered 2,428 PDM common shares to the company at $8.25 per share. This was done specifically to satisfy tax withholding obligations arising from the vesting and settlement of his previously granted restricted stock units.

How do PDM deferred stock units reported by George M. Wells settle?

Each deferred stock unit represents a contingent right to receive one share of PDM common stock. Piedmont Realty Trust may choose to settle these deferred stock units either in cash or in shares of its common stock, at the company’s election.