Form 4: Modiv Industrial Director Thomas H. Nolan Jr. Reports Dividend Reinvestment

Director Thomas H. Nolan Jr. reports acquiring additional Class C Common Stock of Modiv Industrial, Inc. through a dividend reinvestment.

Summary

• On July 25, 2024, Thomas H. Nolan Jr., a director of Modiv Industrial, Inc., acquired 149.5708 shares of Class C Common Stock at a price of $14.39 per share through a dividend reinvestment.
• Following the transaction, Nolan directly owns 22,681.5413 shares of Class C Common Stock.
• The dividend reinvestment transaction is exempt from Section 16 reporting requirements and is being reported voluntarily.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction (dividend reinvestment) and insider participation, which can be seen as a sign of confidence.

Positives

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

Industry Context

Dividend reinvestment plans are common mechanisms for companies to provide value to shareholders and allow them to increase their stake in the company without incurring brokerage fees.

Stakeholder Impact

• Shareholders who participate in the dividend reinvestment plan benefit from acquiring additional shares without incurring brokerage fees.

Key Dates