REXROAD SHERRY L 4
4 · Piedmont Realty Trust, Inc. · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Piedmont (PDM) EVP‑CFO Sherry Rexroad Receives 11,150 Shares
What Happened
Sherry L. Rexroad, EVP and CFO of Piedmont Realty Trust (PDM), had 11,150 deferred stock units vest on February 3, 2026 and those units were settled in 11,150 shares of PDM common stock. The Form 4 shows the transaction coded as an exercise/conversion (M); no purchase price was paid by the insider (reported $0.00 for the derivative disposition), and the shares were issued upon vesting/settlement rather than bought on the open market.
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (timely within the standard 2 business days).
- Shares received: 11,150 common shares; reported price: $0.00 (settlement of deferred stock units).
- Shares owned after transaction: not disclosed in the filing.
- Relevant footnotes:
- F1: Each deferred stock unit (DSU) is a contingent right to one share and may be settled in cash or stock at the company’s election.
- F2: On Feb 3, 2025, Rexroad was granted 44,601 DSUs vesting in four equal annual installments; the initial 25% (11,150) vested on Feb 3, 2026 and were settled in common stock.
- Transaction code M indicates an exercise/conversion of a derivative (here, conversion/settlement of DSUs).
Context
This was a routine vesting/settlement of previously granted deferred stock units, not an open‑market purchase or sale, so it does not necessarily signal insider buying or selling intent. Deferred stock unit settlements are common part of executive compensation and may be settled in stock or cash per the company’s election.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-03+11,150→ 43,151 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-03−11,150→ 78,906 total→ Common Stock (11,150 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 3, 2025, the reporting person was granted 44,601 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 3, 2026, the initial 25% of the grant vested (11,150 shares) and were settled in PDM common stock.