Donnley Deneen L 4
4 · Piedmont Realty Trust, Inc. · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Piedmont Realty (PDM) Director Deneen Donnley Exercises RSUs, Gets Grant
What Happened
Director Deneen L. Donnley had 15,217 restricted stock units (RSUs) vest at the 2026 Annual Meeting on May 12, 2026; those vested RSUs were settled in Piedmont Realty Trust (PDM) common stock. On the same date she was granted an additional 12,883 RSUs that will vest by the 2027 annual meeting or the one‑year anniversary of the grant. The filing shows the vested/settled units and the new award; dollar prices are reported as $0.00 (typical for awards/settlements where no cash changed hands in the filing).
Key Details
- Transaction date: May 12, 2026 (reported on Form 4 filed May 13, 2026).
- Vested/settled: 15,217 RSUs converted to PDM common stock (reported as derivative exercise/conversion).
- Disposition entry for 15,217 shares reported at $0.00 (reported as derivative disposition — consistent with RSU settlement reporting).
- New grant: 12,883 RSUs awarded on May 12, 2026; vesting on earlier of the 2027 Annual Meeting or the May 2027 anniversary.
- Footnotes:
- F1: Each RSU represents a contingent right to one share; RSUs may be settled in cash or stock.
- F2: The 15,217 RSUs were granted May 15, 2025, vested May 12, 2026, and were settled in common stock.
- F3: The 12,883 RSUs were granted May 12, 2026 and vest in 2027 (per above).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Timeliness: Filing date (May 13, 2026) is the day after the transaction date (May 12, 2026); the report appears timely.
Context
RSU vesting and grants are common forms of director compensation and do not by themselves indicate a purchase or sale decision by the insider. The vested RSUs were converted into shares (derivative settlement); the new RSU grant vests in the future and may be settled in cash or stock per company policy.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-05-12+15,217→ 17,529 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-05-12−15,217→ 0 total→ Common Stock (15,217 underlying) - Award
Restricted Stock Units
[F1][F3]2026-05-12+12,883→ 12,883 total→ Common Stock (12,883 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.