Form 4: Plymouth Industrial REIT CEO Acquires Performance Stock Units

Jeffrey E. Witherell, CEO of Plymouth Industrial REIT, was granted 106,248 performance stock units (PSUs) on April 24, 2025, according to a Form 4 filing.

Summary

• Jeffrey E. Witherell, CEO of Plymouth Industrial REIT, filed a Form 4 on April 28, 2025, reporting a transaction on April 24, 2025.
• Witherell acquired 106,248 Performance Stock Units (PSUs).
• These PSUs represent a contingent right to receive one share of the Issuer's common stock each.
• The PSUs will be eligible to be earned based on the issuer's stockholder return over a three-year period ending in December 2027.
• The PSUs vest 100% on December 31, 2027.
• Following the transaction, Witherell directly owns 176,813 shares of common stock.
• Witherell has granted power of attorney to Anne A. Hayward, Anthony Saladino, and Justin R. Salon for Section 16 reporting purposes.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of PSUs aligns management's interests with shareholders, but it's a routine disclosure.

Positives

• The acquisition of performance stock units aligns the CEO's interests with those of the stockholders, as the vesting is tied to stockholder return.

Future Outlook

The performance stock units are subject to metrics related to the issuer's stockholder return over a three-year period ending in December 2027, suggesting a focus on long-term value creation.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in the company's securities. The granting of PSUs is a common practice to incentivize executives.

Stakeholder Impact

• The granting of PSUs to the CEO aligns his interests with those of the shareholders, potentially leading to decisions that benefit stockholders.

Key Dates

Keywords

Form 4, Performance Stock Units, PSU, Jeffrey E. Witherell, Plymouth Industrial REIT, PLYM, Section 16, Beneficial Ownership, CEO, Stockholder Return