Moon Laura P 4
4 · Piedmont Realty Trust, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Piedmont Realty (PDM) SVP Laura Moon Vests Shares, Receives Deferred Units
What Happened
Laura P. Moon, SVP and CAO of Piedmont Realty Trust (PDM), had the final tranche of a 2023 restricted stock unit (RSU) award vest on Feb 13, 2026 and received shares. Of the 2,606 vested RSUs, 1,161 shares were withheld to cover tax obligations (withholding price listed as $8.25 per share, totaling $9,578), resulting in a net increase of 1,445 common shares to her holdings. On Feb 17, 2026 she was granted 14,634 deferred stock units (DSUs), which vest in four equal annual installments beginning on the grant anniversary.
Key Details
- Vesting/settlement: Feb 13, 2026 — 2,606 RSUs vested and were converted into common shares; 1,161 shares were withheld for taxes (amount $9,578). Net shares received = 1,445.
- Grant: Feb 17, 2026 — 14,634 deferred stock units granted, vesting in four equal annual installments beginning on the grant date.
- Derivative explanation: Deferred stock units are contingent rights to receive one share each and may be settled in cash or stock at the company’s election.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: Form 4 filed Feb 18, 2026; the Feb 13 and Feb 17 transactions were reported within the applicable SEC reporting window and appear timely.
Context
This activity is compensation-related (vesting and a new grant), not an open-market buy or discretionary sale. The withholding of 1,161 shares to satisfy tax liabilities is a routine administrative step (not a market sale signaling a change in sentiment). Deferred stock units are a form of long-term compensation and may convert to shares or cash in the future per company election.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-13+2,606→ 76,752 total - Tax Payment
Common Stock
[F2]2026-02-13$8.25/sh−1,161$9,578→ 75,591 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-13−2,606→ 126,975 totalExercise: $0.00→ Common Stock (2,606 underlying) - Award
Restricted Stock Units
[F1][F3]2026-02-17+14,634→ 141,609 totalExercise: $0.00→ Common Stock (14,634 underlying)
Footnotes (3)
- [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 13, 2023, the reporting person was granted 10,427 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 13, 2026, the final 25% of the grant vested (2,606 shares), and were settled in PDM common stock. In connection with this vesting, 1,161 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
- [F3]On February 17, 2026, the reporting person was granted 14,634 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.