secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0001193125-24-229074
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piedmont appoints Sherry Rexroad as CFO effective Nov 8, 2024; Bowers to depart Dec 31
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- Sherry Rexroad appointed CFO, initially joining as EVP Finance on Oct 1, 2024, then CFO Nov 8, 2024.
- Robert Bowers will remain through Dec 31, 2024, under a separation agreement with severance consistent with prior proxy disclosure.
- Rexroad receives base salary of $475K, target bonus 100% of base, one-time deferred stock unit award of $600K, and $50K relocation bonus.
- Adopted Executive Severance Plan covering CEO, Executive Officers, and designated EVPs; includes severance multipliers and 1-year non-compete.
- Rexroad previously served as CFO of STORE Capital and spent 10 years at BlackRock Global Real Asset Securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000119312524229074/0001193125-24-229074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000119312524229074/d863603d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-229074

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