Valente Alex 4
4 · Piedmont Realty Trust, Inc. · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Piedmont Realty (PDM) EVP Alex Valente Receives Award, Sells Shares
What Happened
Alex Valente, EVP and Co-COO of Piedmont Realty Trust (PDM), received 32,409 unrestricted shares under the 2023–2025 Long Term Incentive performance share award on Feb 3, 2026, and settled 5,135 deferred stock units that vested on the same date. To satisfy tax-withholding obligations, a total of 17,614 shares were delivered back to the company (15,054 from the unrestricted award and 2,560 from the deferred-unit settlement) for aggregate withholding proceeds of about $147,781 (15,054 × $8.39 = $126,303; 2,560 × $8.39 = $21,478). The awards themselves were granted at $0.00 (no purchase price).
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (timely — within 2 business days).
- Award: 32,409 performance shares granted without restriction (performance share component).
- Deferred units: 20,540 DSTs granted Feb 3, 2025; 25% (5,135) vested Feb 3, 2026 and were settled in common stock.
- Tax withholding: 15,054 shares (from the award) + 2,560 shares (from DST settlement) = 17,614 shares withheld; withholding value ≈ $147,781.
- Prices reported for withholding disposals: $8.39 per share.
- Shares owned after the transactions: not stated in the information provided in your summary filing.
Context
This is primarily an award/vesting event (codes A and M) with routine share forfeitures to cover tax obligations (code F). Vesting and immediate withholding to satisfy taxes are common and do not by themselves indicate a change in insider sentiment; the deferred stock units are contingent rights that PDM can settle in cash or stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-03+32,409→ 87,287 total - Tax Payment
Common Stock
[F2]2026-02-03$8.39/sh−15,054$126,303→ 72,233 total - Exercise/Conversion
Common Stock
[F3][F4]2026-02-03+5,135→ 77,368 total - Tax Payment
Common Stock
[F4]2026-02-03$8.39/sh−2,560$21,478→ 74,808 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-02-03−5,135→ 145,616 total→ Common Stock (5,135 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 (32,409 shares) pursuant to the performance share component of the 2023-2025 Long Term Incentive Compensation plan on February 3, 2026 (mentioned above), 15,054 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 20,540 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 (5,135 shares) and were settled in PDM common stock. In connection with this vesting, 2,560 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.