[8-K] Piedmont Realty Trust, Inc. Reports Material Event

Rhea-AI Filing Summary

MYT Netherlands Parent B.V. (NYSE: MYTE) — Form 144 filing discloses additional insider share sales by CEO Michael Kliger.

• Proposed sale: 274,174 common shares (≈0.20 % of the 136.4 m shares outstanding) through Morgan Stanley; estimated value $2.26 m; anticipated sale date 28 Jul 2025 on the NYSE.
• Source of shares: 182,216 shares granted via Phantom Award (20 Jan 2021) and 91,958 RSUs vested 30 Jun 2025.
• Prior 3-month activity: Kliger sold about 989,862 shares for total gross proceeds near $8 m under a Rule 10b5-1 program.

The filer certifies no undisclosed adverse information and relies on a pre-arranged trading plan. No operating or earnings data are provided.

Positive

• None.

Negative

• Nearly 1 million shares sold by the CEO in the past three months, with a new notice to sell 274 k more, may signal reduced insider confidence and create supply overhang.

Insights

Securities Analyst

TL;DR — CEO plans to sell 274 k more shares; cumulative insider selling nears 1 m, modest float impact but could weigh on sentiment.

While 274 k shares represent only 0.2 % of shares outstanding, the pattern of almost 1 m shares sold in the last quarter signals sustained insider distribution. Such activity often raises questions about management’s confidence in near-term upside and can create incremental supply that pressures the stock, especially for a company with limited trading liquidity. Because the sale is executed under a disclosed 10b5-1 plan, it does not necessarily imply negative non-public information, yet the magnitude and cadence of sales are worth monitoring. From a valuation standpoint, no fundamentals change — the filing is informational rather than operational. Overall impact is neutral to mildly negative due to perception risk rather than financial dilution.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 28, 2025

Piedmont Realty Trust, Inc.

(Exact name of registrant as specified in its charter)

Commission File Number:  001-34626

 

Maryland						58-2328421
(State or other jurisdiction of						(IRS Employer
incorporation)						Identification No.)

5565 Glenridge Connector Ste. 450

Atlanta, Georgia 30342

(Address of principal executive offices, including zip code)

(770) 418-8800

(Registrant's telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $0.01 par value

PDM

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o

Item 2.02    Results of Operations and Financial Condition.

On July 28, 2025, Piedmont Realty Trust, Inc. (the "Registrant") issued an earnings release and supplemental information announcing its financial results for the second quarter 2025 and published the earnings release and supplemental information for the second quarter 2025 to its website under Investor Relations. The earnings release and the supplemental information are attached hereto as Exhibit 99.1, and are incorporated herein by reference. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibits and the information set forth therein are deemed to have been furnished and shall not be deemed to be “filed” under the Securities Exchange Act of 1934.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.						Description
99.1						Piedmont Realty Trust, Inc. Earnings Release and Supplemental Information for Second Quarter 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

Piedmont Realty Trust, Inc.

(Registrant)

Dated:

July 28, 2025

By:

/s/ Sherry L. Rexroad

Sherry L. Rexroad

Chief Financial Officer and Executive Vice President

FAQ

How many MYTE shares does the CEO plan to sell under this Form 144?

The notice covers 274,174 common shares valued at roughly $2.26 million.

When is the planned sale date for the new MYTE share disposal?

The approximate sale date disclosed is July 28, 2025.

What percentage of MYTE’s shares outstanding does the proposed sale represent?

About 0.20 % of the 136.4 million shares outstanding.

How many MYTE shares has Michael Kliger already sold in the last 3 months?

He has disposed of approximately 989,862 shares for gross proceeds near $8 million.

Is the CEO’s trading conducted under a Rule 10b5-1 plan?

Yes. The filing states the sales rely on a pre-arranged 10b5-1 trading plan.

Does the Form 144 include any company earnings or operational updates?

No. The document only relates to planned insider share sales; it contains no financial performance data.