George M. Wells - 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 George M. Wells
Issuer symbol: PDM
Transactions as of: 23 Feb 2026
Net transactions value: -$17,922
Form type: 4
Filing time: 25 Feb 2026, 16:41:58 UTC
Previous filing: 23 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Wells George M.	EVP- Co-COO	5565 GLENRIDGE CONNECTOR, STE 450, ATLANTA	/s/ M. Wade Grace III as Attorney-in-Fact for George M. Wells	25 Feb 2026	0001658079

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDM	Common Stock	Options Exercise		+5,280	+3.4%		160,984	23 Feb 2026	Direct	F1, F2
transaction	PDM	Common Stock	Tax liability	$17,922	-2,352	-1.5%	$7.62	158,632	23 Feb 2026	Direct	F1

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	-5,280	-5.6%	$0.000000	89,265	23 Feb 2026	Common Stock	5,280	$0.000000	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On February 23, 2023, the reporting person was granted 21,119 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 (5,280 shares) and were settled in PDM common stock. In connection with this vesting, 2,352 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
F2	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.

Content

On February 23, 2023, the reporting person was granted 21,119 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 (5,280 shares) and were settled in PDM common stock. In connection with this vesting, 2,352 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.

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.