Alex Valente - 23 Feb 2026 Form 4 Insider Report for Piedmont Realty Trust, Inc. (PDM)

Role: EVP- Co-COO
Signature: /s/ M. Wade Grace III as Attorney-in-Fact for Alex Valente
Issuer symbol: PDM
Transactions as of: 23 Feb 2026
Net transactions value: -$12,550
Form type: 4
Filing time: 25 Feb 2026, 16:41:54 UTC
Previous filing: 23 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Valente Alex	EVP- Co-COO	5565 GLENRIDGE CONNECTOR, STE. 450, ATLANTA	/s/ M. Wade Grace III as Attorney-in-Fact for Alex Valente	25 Feb 2026	0001784602

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDM	Common Stock	Options Exercise		+3,696	+4.6%		84,879	23 Feb 2026	Direct	F1, F2
transaction	PDM	Common Stock	Tax liability	$12,550	-1,647	-1.9%	$7.62	83,232	23 Feb 2026	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PDM	Restricted Stock Units	Options Exercise	$0	-3,696	-2.4%	$0.000000	152,984	23 Feb 2026	Common Stock	3,696		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 23, 2023, the reporting person was granted 14,784 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 23, 2026, the third 25% of the grant vested (3,696 shares) and were settled in PDM common stock. In connection with this vesting, 1,647 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

Content

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.

On February 23, 2023, the reporting person was granted 14,784 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 23, 2026, the third 25% of the grant vested (3,696 shares) and were settled in PDM common stock. In connection with this vesting, 1,647 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.