Form 4: Industrial Logistics Properties Trust: Director Matthew P. Jordan Reports Tax Liability Stock Withholding
SEC Form 4 Filing
Director Matthew P. Jordan of Industrial Logistics Properties Trust reports the withholding of 8,044 common shares to cover tax liabilities related to vesting securities.
Summary
- On September 17, 2024, Matthew P. Jordan, a director of Industrial Logistics Properties Trust (ILPT), reported a transaction involving the withholding of company stock to cover tax liabilities.
- A total of 8,044 common shares were withheld at a price of $5.07 per share.
- Following this transaction, Jordan directly owns 120,744 common shares of ILPT.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date of the stock withholding transaction. |
| 09/19/2024 | Date of signature on the Form 4 filing. |
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