Kollme Christopher A. 4

What Happened
Christopher A. Kollme, EVP of Investments at Piedmont Realty Trust (PDM), had the final tranche of a 2023 restricted stock unit (RSU) grant vest on Feb 13, 2026 (4,502 shares), which were settled in PDM common stock. To cover tax withholding on the vesting, 1,916 shares were surrendered to the company at $8.25 per share (total withholding value reported as $15,807). On Feb 17, 2026 he was granted 19,512 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).
• Tax withholding: 1,916 shares forfeited to PDM at $8.25/share to satisfy tax obligations (total $15,807).
• Vesting/settlement: 4,502 RSUs vested and were settled in common stock (reported as derivative conversion/exercise entries).
• New grant: 19,512 deferred stock units awarded on Feb 17, 2026; vest in four equal annual installments beginning on the grant anniversary.
• Footnotes: DSUs represent contingent rights to one share each and may be settled in cash or stock. The vested RSUs were from a Feb 13, 2023 grant that vested in four annual installments.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: The Form 4 was filed Feb 18, 2026 for Feb 13 transactions — Form 4s are generally due within two business days, so this filing appears to have been submitted after that typical window.

Context
These transactions reflect routine compensation events (RSU vesting and a new DSU award) rather than an open-market purchase or sale. The share forfeiture was a tax-withholding mechanism (common for equity settlements), not a sale indicating a change in conviction. Deferred stock units may be settled in cash or stock per company election.