Valente Alex 4
4 · Piedmont Realty Trust, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Piedmont Realty (PDM) EVP Alex Valente: RSUs Vest, DSUs Granted
What Happened Alex Valente, EVP and Co‑COO of Piedmont Realty Trust (PDM), had the final tranche of a 2023 restricted stock unit (RSU) award vest on Feb 13, 2026. The vesting covered 5,391 RSUs which were settled in common stock; 2,402 of those shares were surrendered to Piedmont to satisfy tax withholding obligations (withholding valued at $8.25/share, $19,817). On Feb 17, 2026 Valente was also granted 22,561 deferred stock units (DSUs) that vest in four equal annual installments beginning on the grant anniversary.
Key Details
- Transaction dates: Feb 13, 2026 (RSU vesting and tax withholding), Feb 17, 2026 (DSU grant). Form filed Feb 18, 2026 (timely).
- RSUs vested: 5,391 shares converted to common stock (code M — exercise/conversion of derivative).
- Tax withholding: 2,402 shares withheld (code F) at $8.25/share = $19,817.
- Net shares delivered to the insider on vesting: 5,391 − 2,402 = 2,989 shares.
- DSU grant: 22,561 deferred stock units (code A), vesting in four equal annual installments; DSUs may be settled in cash or common stock per the filing.
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnotes: The 5,391 RSUs were the final 25% of a Feb 13, 2023 grant; DSUs can be settled in cash or shares.
Context This reporting reflects standard equity compensation activity: RSU vesting with shares withheld to cover tax obligations (not an open‑market sale) and a follow‑on grant of deferred units. RSU conversion (code M) here is the vesting/settlement of restricted units rather than a buy/sell in the market. The filing was submitted on Feb 18, 2026 and appears timely given the applicable business‑day deadline.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-13+5,391→ 80,199 total - Tax Payment
Common Stock
[F2]2026-02-13$8.25/sh−2,402$19,817→ 77,797 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-13−5,391→ 140,225 total→ Common Stock (5,391 underlying) - Award
Restricted Stock Units
[F1][F3]2026-02-17+22,561→ 162,786 total→ Common Stock (22,561 underlying)
Footnotes (3)
- [F1]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.
- [F2]On February 13, 2023, the reporting person was granted 21,564 restricted stock units, vesting in four equal, annual installments beginning on the grant date. On February 13, 2026, the final 25% of the grant vested (5,391 shares), and were settled in PDM common stock. In connection with this vesting, 2,402 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
- [F3]On February 17, 2026, the reporting person was granted 22,561 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date.