Kollme Christopher A. 4

4 · Piedmont Realty Trust, Inc. · Filed Feb 23, 2026

AI-generated summary of this filing

Updated Feb 23, 2026

Piedmont Realty (PDM) EVP Christopher A. Kollme Receives 5,725 Shares

What Happened

Christopher A. Kollme, Executive Vice President of Investments at Piedmont Realty Trust (PDM), had 5,725 deferred stock units vest on Feb 20, 2026. Those units were settled in company common stock.
To satisfy tax withholding, 2,436 of the vested shares were surrendered to PDM at $7.98 per share for a withholding value of $19,439, leaving a net issuance to Kollme of 3,289 shares.
This was a vesting/settlement of previously granted deferred stock units (not an open-market buy or sale) and is generally a routine internal settlement rather than a buy signal.

Key Details

Transaction date: 2026-02-20; Form 4 filed: 2026-02-23 (timely filing).
Reported entries: conversion/exercise of derivative (code M) for 5,725 DSUs settled in stock; tax-withholding share surrender (code F) of 2,436 shares at $7.98 each = $19,439.
Original grant: 22,901 deferred stock units awarded on Feb 20, 2024, vesting in four equal annual installments; this was the second 25% installment (5,725).
Shares owned after transaction: not specified in the provided filing; net increase to Kollme = 3,289 shares.
Footnote: Deferred stock units represent a contingent right to one share and may be settled in cash or stock (F1). The 2,436-share transfer was a tax-withholding withholding (F2).

Context

These transactions reflect vesting and settlement of deferred equity, with shares withheld to cover taxes (a common practice). The filing shows conversion of DSUs to stock and share surrender for tax withholding — effectively a cashless settlement of the vested award.
Such award vestings are routine compensation events and do not necessarily indicate the insider’s personal view on the stock.

Form 4

Period: 2026-02-20

EVP of Investments

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-20+5,725→ 123,284 total
Tax Payment
Common Stock
[F2]
2026-02-20$7.98/sh−2,436$19,439→ 120,848 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-20−5,725→ 52,966 total
Exercise: $0.00→ Common Stock (5,725 underlying)

Footnotes (2)

[F1]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.
[F2]On February 20, 2024, the reporting person was granted 22,901 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 20, 2026, the second 25% of the grant vested (5,725 shares) and were settled in PDM common stock. In connection with this vesting, 2,436 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

Signature

/s/ M. Wade Grace III as Attorney-in-Fact for Christopher A. Kollme|2026-02-23

1 file