Moon Laura P 4

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.