Form 4: Modiv Industrial Director Kimberly J. Smith Acquires Additional Shares Through Dividend Reinvestment

Director Kimberly J. Smith increased her holdings in Modiv Industrial through a dividend reinvestment program.

Summary

• On October 25, 2024, Kimberly J. Smith, a director of Modiv Industrial, Inc., acquired 60.2702 shares of Class C common stock.
• The shares were acquired through a dividend reinvestment transaction at a price of $16.64 per share.
• Following the transaction, Smith directly owns 10,555.5175 shares of Modiv Industrial's Class C common stock.
• The dividend reinvestment is exempt from Section 16 reporting requirements but is being voluntarily reported.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's participation in the dividend reinvestment program suggests confidence in the company. It's a routine transaction, but still a positive signal.

Positives

• The director's participation in the dividend reinvestment program signals confidence in the company's future.

Industry Context

Dividend reinvestment plans are common for REITs like Modiv Industrial, allowing shareholders to increase their stake while providing the company with a source of capital.

Comparison to Industry Standards

• Dividend reinvestment programs are a common practice among publicly traded REITs, such as Realty Income (O) and Prologis (PLD), allowing shareholders to automatically reinvest dividends into additional shares.
• Participation rates in these programs can vary, but often reflect shareholder confidence in the company's long-term prospects.

Stakeholder Impact

• The dividend reinvestment may have a slightly positive impact on shareholders by increasing the director's stake in the company, potentially boosting investor confidence.

Key Dates