Form 4: Plymouth Industrial REIT CFO Granted Performance Stock Units

Anthony Saladino, President and CFO of Plymouth Industrial REIT, was granted 49,248 performance stock units (PSUs) on April 24, 2025, which will vest on December 31, 2027, based on the company's stockholder return metrics.

Summary

• Anthony Saladino, the President and CFO of Plymouth Industrial REIT, was granted 49,248 performance stock units (PSUs) on April 24, 2025.
• 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 metrics over a three-year period ending in December 2027.
• The PSUs vest 100% on December 31, 2027.
• Saladino also has a power of attorney authorizing Anne A. Hayward and Justin R. Salon to execute Forms 3, 4, and 5 on his behalf related to Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of PSUs is a standard practice and aligns management with shareholder interests. The vesting is tied to performance, which is a positive signal.

Positives

• The grant of performance stock units aligns the executive's interests with those of the shareholders, incentivizing improved stockholder return.

Risks

• The value of the PSUs is contingent on the company's future performance, and there is no guarantee that the performance metrics will be met.

Future Outlook

The vesting of the PSUs is dependent on the company's stockholder return over the next three years, indicating a focus on improving shareholder value.

Industry Context

Granting performance-based equity compensation is a common practice in the REIT industry to align management's interests with those of shareholders and incentivize long-term value creation.

Stakeholder Impact

• Shareholders may view the PSU grant positively as it incentivizes management to improve stockholder return.
• Employees may see this as a positive sign of the company's commitment to performance-based compensation.

Next Steps

• The reporting person will need to meet the performance criteria over the next three years for the PSUs to vest.
• The reporting person will receive shares of common stock on December 31, 2027, if the performance criteria are met.

Key Dates

Keywords

Performance Stock Units, Form 4, PLYM, Anthony Saladino, Plymouth Industrial REIT, PSU, Executive Compensation