Kollme Christopher A. 4

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

AI-generated summary of this filing

Updated Feb 5, 2026

Piedmont (PDM) EVP Christopher A. Kollme Receives Award, Withholds Shares

What Happened

Christopher A. Kollme, EVP of Investments at Piedmont Realty Trust (PDM), received 34,724 shares on Feb 3, 2026 under the performance share component of the 2023–2025 LTIP.
In connection with vesting and settlement of awards, a total of 17,642 shares were surrendered to Piedmont to satisfy tax withholding: 15,395 shares (at $8.39 each, $129,164) related to the unrestricted performance-share award and 2,247 shares (at $8.39 each, $18,852) related to settlement of vested deferred stock units. Separately, 4,695 deferred stock units vested and were settled into common stock.

Key Details

Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (within the standard 2-business-day filing window).
Awards granted: 34,724 unrestricted shares (F1).
Deferred stock units: 18,779 awarded Feb 3, 2025; 25% vested (4,695) on Feb 3, 2026 and were settled in common stock (F4). Deferred stock units may be settled in cash or stock (F3).
Tax withholding (dispositions): 15,395 shares forfeited to company for withholding on the performance award (F2) and 2,247 shares forfeited for withholding on the deferred-unit settlement (F4). Total withholding value ≈ $148,016.
Shares owned after the transactions: not specified in the provided filing.

Context

This filing reflects award vesting and settlement rather than an open-market buy or sale. Award grants and mandatory tax-withholding share forfeitures are routine forms of insider activity and do not, by themselves, indicate the insider’s market view.
The deferred stock-unit vesting and settlement involved a conversion of derivative-like units into common stock (code M entries), followed by tax-withholding dispositions (code F).

Form 4

Period: 2026-02-03

EVP of Investments

Transactions

Award
Common Stock
[F1]
2026-02-03+34,724→ 127,920 total
Tax Payment
Common Stock
[F2]
2026-02-03$8.39/sh−15,395$129,164→ 112,525 total
Exercise/Conversion
Common Stock
[F3][F4]
2026-02-03+4,695→ 117,220 total
Tax Payment
Common Stock
[F4]
2026-02-03$8.39/sh−2,247$18,852→ 114,973 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-02-03−4,695→ 43,681 total
Exercise: $0.00→ Common Stock (4,695 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 (34,724 shares) pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan on February 3, 2026 (mentioned above), 15,395 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 18,779 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 (4,695 shares) and were settled in PDM common stock. In connection with this vesting, 2,247 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 Christopher A. Kollme|2026-02-05

3 files