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

Director Thomas H. Nolan Jr. reports acquiring additional shares of Modiv Industrial, Inc. through a dividend reinvestment program.

Summary

• On May 21, 2024, Thomas H. Nolan Jr., a director of Modiv Industrial, Inc., acquired 131.9951 shares of Class C Common Stock through a dividend reinvestment transaction at a price of $15.34 per share.
• Following this transaction, Nolan directly owns 21,327.6254 shares of Modiv Industrial, Inc.
• The dividend reinvestment transaction is exempt from Section 16 reporting requirements and is being voluntarily reported.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction (dividend reinvestment) and insider's continued investment in the company.

Positives

• The director's participation in the dividend reinvestment program demonstrates 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 additional capital.

Comparison to Industry Standards

• Dividend reinvestment programs are a common practice among publicly traded REITs, including peers such as STAG Industrial and W. P. Carey.
• These programs typically allow shareholders to reinvest dividends at a slight discount to the market price, encouraging long-term investment.

Stakeholder Impact

• Shareholders may view the director's participation in the dividend reinvestment program as a positive signal.

Key Dates