Kollme Christopher A. 4

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).