Valente Alex 4

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.