Piedmont Realty Trust, Inc.: EVP-CFO Sherry L. Rexroad exercised 15,152 shares

What happened

• The filing reports that Sherry L. Rexroad, EVP-CFO, had 15,152 restricted stock units convert/settle into common stock on Oct 1, 2026. The filing also reports a sale of 4,446 shares at $8.81 for $39,169 and a derivative-related disposition of 15,152 shares at $0.00.

Key details

• Transaction date(s): Oct 1, 2026.
• Prices and values reported: sale of 4,446 shares at $8.81 for $39,169; a derivative disposition entry shows 15,152 shares at $0.00.
• Shares owned after the transaction: not specified in this filing.
• Relevant footnotes from the filing:
  • Each restricted stock unit represents a contingent right to receive one share and may be settled in cash or common stock.
  • On Oct 1, 2024, the reporting person was granted 60,606 restricted stock units vesting in four equal annual installments; the second 25% (15,152 shares) vested on Oct 1, 2026 and was settled in common stock.
  • In connection with this vesting, 4,446 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
• Filing date: Oct 2, 2026.

Why it may matter

• The filing shows restricted stock units vested and were settled in common stock; some of the shares were delivered to the company to satisfy tax withholding and are reported in the sale entry at $8.81 per share.
• A filing does not show why the insider traded or why the company acted.