Valente Alex 4

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

AI-generated summary of this filing

Updated Feb 23, 2026

Piedmont Realty (PDM) EVP Alex Valente Receives 6,106 Shares

What Happened

Alex Valente, EVP and Co-COO of Piedmont Realty Trust (PDM), had the second installment of deferred stock units vest on Feb 20, 2026. 6,106 deferred stock units converted into common shares and were settled in stock. To satisfy tax withholding, 2,720 of those shares were forfeited to the company at $7.98 per share (withholding value $21,706), leaving a net 3,386 shares retained by Valente.
The vested units came from a February 20, 2024 grant of 24,427 deferred stock units that vest in four equal annual installments; this was the second 25% installment.

Key Details

Transaction date: 2026-02-20; Form 4 filed 2026-02-23 (timely filing).
Shares credited: 6,106 shares vested/settled into common stock.
Shares withheld for taxes: 2,720 shares at $7.98 each = $21,706.
Net shares received by insider: 6,106 − 2,720 = 3,386 shares.
Footnote: Deferred stock units represent a contingent right to one share and may be settled in cash or stock at the company's election.
Shares owned after the transaction: not specified on this Form 4.

Context

This was a routine vesting/settlement of deferred compensation, not an open-market buy or discretionary sale. The tax withholding was done via share forfeiture (common practice) rather than a cash payment. Deferred stock units are compensation-related and do not necessarily signal the insider's market view.

Form 4

Period: 2026-02-20

EVP- Co-COO

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-20+6,106→ 83,903 total
Tax Payment
Common Stock
[F2]
2026-02-20$7.98/sh−2,720$21,706→ 81,183 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-20−6,106→ 156,680 total
→ Common Stock (6,106 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 24,427 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 (6,106 shares) and were settled in PDM common stock. In connection with this vesting, 2,720 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 Alex Valente|2026-02-23

1 file