Piedmont Office Realty Trust (PDM) Proxy filing summary

Executive summary

• Supplement addresses Proposal 4 regarding the Third Amended and Restated Omnibus Incentive Plan for the 2026 Annual Meeting.

• The meeting is scheduled for May 12, 2026, with a record date of March 4, 2026.

• The supplement responds to ISS's unfavorable recommendation on the proposed increase in shares for the incentive plan.

Voting matters and shareholder proposals

• Proposal 4 seeks approval to increase shares available under the incentive plan by 5,000,000, from 13,666,667 to 18,666,667.

• Board unanimously recommends voting "FOR" the approval of the amended incentive plan.

• Shareholders may change their vote prior to the meeting as outlined in the proxy materials.

Executive compensation and say-on-pay

• Compensation program targets median peer levels and aligns long-term interests of directors and employees with shareholders.

• ISS recommended a vote "FOR" the 2025 say-on-pay proposal and rated the compensation program at the highest quality level.

• Equity-based compensation is emphasized as a key component of the program.