REXROAD SHERRY L 4

What happened Sherry Rexroad, EVP and Chief Financial Officer of Piedmont Realty Trust (PDM), was granted 46,341 deferred stock units (DSUs) on February 17, 2026. The grant is reported as an award (derivative) with an acquisition price of $0.00 in the Form 4. The DSUs vest in four equal annual installments beginning on the one‑year anniversary of the grant.

Key details

• Transaction date: 2026-02-17; transaction type: Award/Grant (code A).
• Quantity: 46,341 deferred stock units; reported acquisition price: $0.00.
• Vesting: Four equal annual installments starting on the grant anniversary (per footnote).
• Settlement: Each DSU represents a contingent right to one PDM common share; units may be settled in cash or common stock at the company’s election (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported on 2026-02-18 for the 2026-02-17 grant — not indicated as late.

Context Deferred stock units are a form of equity compensation that give the executive a contingent right to receive shares (or cash) in the future and do not involve an immediate open‑market purchase or sale. Such awards are commonly used for retention and compensation and should not be interpreted alone as a directional bet by the insider.