Kollme Christopher A. 4

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.