Form 4: Director Jeffrey Donnelly Reports Piedmont Realty Trust Stock Transactions
Statement of Changes in Beneficial Ownership
Director Jeffrey Donnelly reported transactions involving restricted stock units and common stock of Piedmont Realty Trust, Inc. on May 12, 2026.
Summary
- Director Jeffrey Donnelly reported the acquisition of 15,217 restricted stock units (RSUs) which vested and were settled in common stock on May 12, 2026.
- As part of the settlement of 15,217 deferred shares, 3,348 shares were forfeited to the company to cover tax withholding obligations.
- Following these transactions, Donnelly beneficially owns 17,020 shares of common stock directly.
- Additionally, Donnelly was granted 12,883 new RSUs on May 12, 2026, which are set to vest in May 2027.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on routine equity compensation events and tax-related forfeitures, without indicating significant changes in beneficial ownership or new investment decisions.
Positives
- Director Jeffrey Donnelly received a grant of 12,883 restricted stock units, indicating continued equity-based compensation.
- The vesting of 15,217 restricted stock units on May 12, 2026, represents a realization of prior equity awards.
Negatives
- 3,348 shares were forfeited by the reporting person to satisfy tax withholding obligations in connection with the vesting of deferred stock.
Future Outlook
The filing indicates that 12,883 restricted stock units granted on May 12, 2026, will vest on the earlier of the 2027 Annual Meeting of Stockholders or the anniversary of the grant date in May 2027.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive and director equity holdings and movements. This filing details routine equity compensation events for a director of a publicly traded real estate investment trust.
Stakeholder Impact
- Shareholders: Increased transparency into director's equity holdings and compensation, with a portion of vested shares used for tax obligations.
Next Steps
- Vesting of 12,883 restricted stock units in May 2027.
Key Dates
| Date | Description |
|---|---|
| 05/12/2026 | Earliest transaction date reported; vesting of 15,217 RSUs, settlement in common stock, forfeiture of 3,348 shares for tax withholding, and grant of 12,883 new RSUs. |
| 05/13/2026 | Date of signature for the filing. |
| 05/15/2025 | Date of grant for the 15,217 restricted stock units that vested on May 12, 2026. |
| May 2027 | Vesting date for the 12,883 restricted stock units granted on May 12, 2026. |
Keywords
Form 4, SEC Filing, Insider Trading, Stock Transaction, Restricted Stock Units, Piedmont Realty Trust, PDM, Director Compensation, Equity Awards, Tax Withholding
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