Piedmont Realty Trust (PDM) SVP Moon reports stock awards and tax share forfeitures

Rhea-AI Filing Summary

Piedmont Realty Trust, Inc. executive Laura P. Moon, SVP–CAO, reported multiple equity compensation events on February 3, 2026. She received 15,433 shares of common stock at $0 under the performance share component of the 2023–2025 long-term incentive plan, then forfeited 7,632 shares at $8.39 to the company to cover tax withholding.

On the same date, 3,521 deferred stock units vested and were settled into common stock at $0, and 1,755 of those shares were also delivered back to the company at $8.39 for taxes. After these transactions, Moon directly beneficially owned 74,146 shares of Piedmont common stock and 129,581 deferred stock units.

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^*

Moon Laura P

(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)
	SVP- CAO

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/03/2026		A		15,433(1)	A	$0	80,012	D
Common Stock	02/03/2026		F		7,632(2)	D	$8.39	72,380	D
Common Stock	02/03/2026		M		3,521	A	(3)(4)	75,901	D
Common Stock	02/03/2026		F		1,755(4)	D	$8.39	74,146	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(3)	02/03/2026		M			3,521	(4)	(4)	Common Stock	3,521	$0	129,581	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 (15,433 shares) pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan on February 3, 2026 (mentioned above), 7,632 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 14,085 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 (3,521 shares) and were settled in PDM common stock. In connection with this vesting, 1,755 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 Laura P. Moon	02/05/2026
	** 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 Laura P. Moon report for PDM on February 3, 2026?

Laura P. Moon reported vesting of 15,433 performance-based common shares and 3,521 deferred stock units. To satisfy tax withholding, 7,632 and 1,755 shares, respectively, were delivered back to Piedmont Realty Trust, reflecting routine equity compensation activity rather than an open-market stock sale.

How many PDM common shares does Laura P. Moon own after these Form 4 transactions?

After the reported transactions, Laura P. Moon directly beneficially owned 74,146 shares of Piedmont Realty Trust common stock. This figure reflects the net result of the equity awards vesting and the related share forfeitures that were used to satisfy tax withholding obligations on February 3, 2026.

What equity awards vested for PDM executive Laura P. Moon under the 2023-2025 incentive plan?

15,433 unrestricted common shares vested for Laura P. Moon under the performance share component of the 2023–2025 Long Term Incentive Compensation plan. These shares were granted without restriction, and a portion of them was subsequently delivered back to the company to cover associated tax withholding obligations.

What are the deferred stock units reported by Laura P. Moon in the PDM Form 4?

Each deferred stock unit represents a contingent right to receive one share of Piedmont Realty Trust common stock. Deferred stock units may be settled in cash or common stock at the company’s election, and 3,521 of these units vested and were settled in common stock on February 3, 2026.

How many deferred stock units does Laura P. Moon hold after the PDM Form 4 transactions?

Following the vesting and settlement of 3,521 deferred stock units into common shares, Laura P. Moon beneficially owned 129,581 deferred stock units. These units vest over time under prior award agreements and can ultimately be settled in cash or common stock at the company’s election.

Were the PDM shares in Laura P. Moon’s Form 4 sold on the open market?

The filing shows shares delivered back to Piedmont Realty Trust to satisfy tax withholding, not open-market sales. Specifically, 7,632 and 1,755 shares were forfeited to the company in connection with equity award vesting, a common administrative step for stock-based compensation.