Moon Laura P 4

4 · Piedmont Realty Trust, Inc. · Filed Feb 5, 2026

AI-generated summary of this filing

Updated Feb 5, 2026

Piedmont (PDM) SVP Laura Moon Receives Award, Withholds Shares

What Happened

Laura P. Moon, Senior Vice President & Chief Accounting Officer of Piedmont Realty Trust (PDM), received 15,433 unrestricted shares on Feb 3, 2026 under the performance-share component of the 2023–2025 Long Term Incentive plan.
In connection with vesting, a total of 9,387 shares were delivered back to the company to satisfy tax withholding: 7,632 shares (withholding on the 15,433 award) and 1,755 shares (withholding on vested deferred stock units). The withheld shares equate to cash value of about $78,756 (7,632 × $8.39 = $64,032; 1,755 × $8.39 = $14,724).
Separately, 3,521 deferred stock units (DSUs) vested and were settled in common stock on Feb 3, 2026 (these DSUs were part of a 14,085 DSU grant made Feb 3, 2025; 25% vested on the first anniversary).

Key Details

Transaction date: Feb 3, 2026; Form 4 filed Feb 5, 2026 (timely).
Codes: A = Award/Grant (15,433 shares granted without restriction); M = conversion/settlement of deferred stock units (3,521 shares settled); F = shares forfeited/delivered to company to satisfy tax withholding (7,632 + 1,755 shares).
Withholding totals: 9,387 shares withheld, total cash value ≈ $78,756 based on $8.39 per share.
Shares owned after the transactions: not specified in the provided filing excerpt.
Footnotes: F1–F4 explain the awards/DSUs, vesting schedule (DSU grant of 14,085 vests in four equal annual installments) and that withheld shares were used solely for tax withholding.

Context

This was not an open-market sale — the “disposals” were shares tendered to Piedmont to meet tax withholding obligations upon vesting (a routine administrative step, often called a cashless or share-withhold settlement).
Deferred stock units represent contingent rights to receive shares; here the first installment (25%) vested and was paid in stock.
As this transaction is award-related and withholding-driven, it should not be read as a directional buy/sell signal about the insider’s market view.

Form 4

Period: 2026-02-03

EVP- CAO

Transactions

Award
Common Stock
[F1]
2026-02-03+15,433→ 80,012 total
Tax Payment
Common Stock
[F2]
2026-02-03$8.39/sh−7,632$64,032→ 72,380 total
Exercise/Conversion
Common Stock
[F3][F4]
2026-02-03+3,521→ 75,901 total
Tax Payment
Common Stock
[F4]
2026-02-03$8.39/sh−1,755$14,724→ 74,146 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-02-03−3,521→ 129,581 total
Exercise: $0.00→ Common Stock (3,521 underlying)

Footnotes (4)

[F1]Such shares were granted without restriction pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan.
[F2]In connection with the vesting of the unrestricted stock award (15,433 shares) pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan on February 3, 2026 (mentioned above), 7,632 shares were forfeited by the employee and delivered to the Company to satisfy tax withholding obligations.
[F3]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.
[F4]On February 3, 2025, the reporting person was granted 14,085 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 (3,521 shares) and were settled in PDM common stock. In connection with this vesting, 1,755 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 Laura P. Moon|2026-02-05

3 files