What was the tax withholding price used for Alex Valente’s PDM share deliveries?

The tax withholding transactions used a price of $8.39 per share. This price applied to 15,054 shares from the unrestricted stock award and 2,560 shares from vested deferred stock units that were delivered to the company to cover tax obligations.

Piedmont Realty Trust (NYSE: PDM) EVP Alex Valente reports stock grants, vesting and tax share deliveries

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Piedmont Realty Trust executive Alex Valente reported multiple equity compensation events on February 3, 2026. He received 32,409 shares of common stock at $0 under the 2023-2025 long-term incentive performance plan, then had 15,054 shares withheld and delivered to the company at $8.39 per share to cover taxes.

Separately, 5,135 deferred stock units vested and were settled in common stock at an effective price of $0, with 2,560 of those shares withheld at $8.39 per share for tax obligations. After these transactions, he directly held 74,808 shares of common stock and 145,616 deferred stock units.

Insider Trade Summary

5,135 shares exercised/converted

Mixed 5 txns

Insider Valente Alex

Role EVP- Co-COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	5,135	$0.00	--
Grant/Award	Common Stock	32,409	$0.00	--
Tax Withholding	Common Stock	15,054	$8.39	$126K
Exercise	Common Stock	5,135	$0.00	--
Tax Withholding	Common Stock	2,560	$8.39	$21K

Holdings After Transaction: Restricted Stock Units — 145,616 shares (Direct); Common Stock — 87,287 shares (Direct)

Footnotes (1)

Such shares were granted without restriction pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan. In connection with the vesting of the unrestricted stock award (32,409 shares) pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan on February 3, 2026 (mentioned above), 15,054 shares were forfeited by the employee and delivered to the Company to satisfy tax withholding obligations. 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. On February 3, 2025, the reporting person was granted 20,540 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 3, 2026, the initial 25% of the grant vested (5,135 shares) and were settled in PDM common stock. In connection with this vesting, 2,560 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

Form 4 Insider Transactions: What Each Field Means →

02/05/2026 - 04:30 PM

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
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^*

Valente Alex

(Last)

(First)

(Middle)

5565 GLENRIDGE CONNECTOR

STE. 450

(Street)

ATLANTA

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)
02/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/03/2026		A		32,409⁽¹⁾	A	$0	87,287	D
Common Stock	02/03/2026		F		15,054⁽²⁾	D	$8.39	72,233	D
Common Stock	02/03/2026		M		5,135	A	⁽³⁾⁽⁴⁾	77,368	D
Common Stock	02/03/2026		F		2,560⁽⁴⁾	D	$8.39	74,808	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽³⁾	02/03/2026		M			5,135	⁽⁴⁾	⁽⁴⁾	Common Stock	5,135	$0	145,616	D

Explanation of Responses:

1. Such shares were granted without restriction pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan.

2. In connection with the vesting of the unrestricted stock award (32,409 shares) pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan on February 3, 2026 (mentioned above), 15,054 shares were forfeited by the employee and delivered to the Company to satisfy tax withholding obligations.

3. 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.

4. On February 3, 2025, the reporting person was granted 20,540 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 3, 2026, the initial 25% of the grant vested (5,135 shares) and were settled in PDM common stock. In connection with this vesting, 2,560 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 Alex Valente	02/05/2026
	** 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.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did PDM executive Alex Valente report on February 3, 2026?

Valente reported equity compensation activity on February 3, 2026. He received 32,409 common shares at no cost and 5,135 shares via vested deferred stock units, with portions of both grants withheld and delivered to the company to satisfy tax withholding obligations.

How many Piedmont Realty Trust (PDM) shares did Alex Valente receive from the long-term incentive plan?

He received 32,409 common shares at no cost under the 2023-2025 long-term incentive performance plan. These shares were granted without restriction, reflecting earned performance-based compensation rather than an open-market purchase of Piedmont Realty Trust stock.

Why were some of Alex Valente’s PDM shares forfeited or delivered to the company?

Shares were delivered to cover tax withholding on vested awards. From the 32,409-share unrestricted award, 15,054 shares went to the company. From 5,135 vested deferred stock units, 2,560 shares were similarly delivered to satisfy tax obligations tied to the vesting.

What are the deferred stock units mentioned in the PDM Form 4 for Alex Valente?

Each deferred stock unit represents a contingent right to receive one PDM common share. These units may be settled in cash or stock at the company’s election, and a 20,540-unit grant vests in four equal annual installments starting February 3, 2025.

How many Piedmont Realty Trust shares does Alex Valente own after these transactions?

After the reported transactions, he directly held 74,808 shares of PDM common stock and 145,616 deferred stock units. These figures reflect his updated equity position following grants, vesting events, and share deliveries for tax withholding obligations.