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Piedmont Realty Trust (NYSE: PDM) director exercises 15,217 RSUs, granted 12,883 more

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Piedmont Realty Trust director Stephen E. Lewis reported routine equity compensation activity. On May 12, 2026, he exercised 15,217 restricted stock units that had vested and received the same number of shares of common stock. Following this exercise, he directly held 17,529 shares of common stock.

On the same date, he was granted 12,883 new restricted stock units, each representing a contingent right to receive one share of Piedmont Realty Trust common stock. These new units will vest at the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the grant date in May 2027.

Positive

  • None.

Negative

  • None.
Insider Lewis Stephen E
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 15,217 $0.00 --
Grant/Award Restricted Stock Units 12,883 $0.00 --
Exercise Common Stock 15,217 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 17,529 shares (Direct, null)
Footnotes (1)
  1. 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. 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. 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.
RSUs exercised 15,217 units Exercised into common stock on May 12, 2026
New RSU grant 12,883 units Granted at 2026 Annual Meeting of Stockholders
Common shares held 17,529 shares Direct ownership after transactions on May 12, 2026
Underlying common stock 12,883 shares Shares underlying new restricted stock units
Previously vested RSUs 15,217 units Granted May 15, 2025; vested May 12, 2026
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of PDM common stock."
Annual Meeting of Stockholders financial
"the 2026 Annual Meeting of Stockholders on May 12, 2026, and was settled in PDM common stock."
grant financial
"the reporting person was granted 12,883 restricted stock units, which will vest on the earlier of the 2027 Annual Meeting of Stockholders"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Lewis Stephen E
(Last)(First)(Middle)
5565 GLENRIDGE CONNECTOR
STE. 450
(Street)
ATLANTA GEORGIA 30342
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Piedmont Realty Trust, Inc. [ PDM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/12/2026M15,217A(1)(2)17,529D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/12/2026M15,217 (2) (2)Common Stock15,217$00D
Restricted Stock Units(1)05/12/2026A12,883 (3) (3)Common Stock12,883$012,883D
Explanation of Responses:
1. 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.
2. 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.
3. 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.
Remarks:
/s/ M. Wade Grace III, as Attorney-in-Fact for Stephen E. Lewis05/13/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did PDM director Stephen E. Lewis report on May 12, 2026?

Stephen E. Lewis reported exercising 15,217 restricted stock units into Piedmont Realty Trust common stock and receiving a new grant of 12,883 restricted stock units. These transactions reflect equity compensation activity, not open-market purchases or sales.

How many Piedmont Realty Trust (PDM) shares does Stephen E. Lewis hold after the Form 4 transactions?

After the reported transactions, Stephen E. Lewis directly holds 17,529 shares of Piedmont Realty Trust common stock. This reflects shares received from exercising 15,217 restricted stock units that vested at the 2026 Annual Meeting of Stockholders.

What are the terms of the new 12,883 restricted stock units granted to PDM director Stephen E. Lewis?

The 12,883 restricted stock units each represent a contingent right to receive one share of PDM common stock. They will vest on the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the May 2026 grant date.

Did Stephen E. Lewis buy or sell Piedmont Realty Trust (PDM) shares in the market?

The Form 4 shows no open-market buys or sells. It reports an exercise of 15,217 restricted stock units into common stock and a grant of 12,883 new restricted stock units, both classified as acquisition-type compensation transactions.

How do the restricted stock units for PDM work for Stephen E. Lewis?

Each restricted stock unit represents a contingent right to receive one share of PDM common stock. According to the filing, restricted stock units may be settled in cash or common stock at Piedmont Realty Trust’s election when they vest.