Wells George M. 4

What Happened
George M. Wells, EVP and Co‑Chief Operating Officer of Piedmont Realty Trust (PDM), had the final tranche of 5,450 restricted stock units (RSUs) vest on Feb 13, 2026; the vested RSUs were settled in PDM common stock. To satisfy tax withholding, 2,428 of those shares were forfeited/delivered to PDM at $8.25 per share (tax withholding value $20,031). On Feb 17, 2026, Wells was also granted 36,585 deferred stock units (DSUs) that vest in four equal annual installments.

Key Details

• Transaction dates: Feb 13, 2026 (RSU vest/settlement and tax withholding); Feb 17, 2026 (DSU grant). Filing date: Feb 18, 2026.
• Vesting/settlement: 5,450 RSUs vested and were converted to shares; 2,428 shares were withheld to cover taxes (withholding value reported as $20,031 at $8.25/share).
• New grant: 36,585 deferred stock units granted on Feb 17, 2026; vest in four equal annual installments beginning on the grant anniversary.
• Ownership after transaction: Not specified in the provided report.
• Footnotes: F1 confirms the 5,450 vested RSUs were the final 25% of a 21,801‑unit grant from Feb 13, 2023; F2 notes each DSU is a contingent right to one share and may be settled in cash or stock; F3 reiterates DSU vesting schedule.
• Filing timeliness: Filing date is Feb 18, 2026 and covers Feb 13 and Feb 17 transactions; timeliness (late vs. timely) is not specified in the supplied data.

Context
This filing reports routine equity compensation activity (RSU vesting and a new deferred‑unit grant), not an open‑market purchase or sale. The RSU settlement with shares withheld for taxes is a common payroll/tax withholding action and does not necessarily indicate a change in insider sentiment. Deferred stock units are a form of compensation that may be settled in cash or shares per the company plan.