Form 4: Plymouth Industrial REIT Director and 10% Owner Receives Significant Restricted Stock Grant

Plymouth Industrial REIT, Inc. Director and 10% owner John W. Guinee III was granted 6,269 shares of restricted common stock, increasing his direct beneficial ownership to 47,069 shares.

Summary

• John W. Guinee III, a Director and 10% owner of Plymouth Industrial REIT, Inc. (PLYM), acquired 6,269 shares of common stock.
• The acquisition occurred on June 20, 2025, and was a grant of restricted stock with a price of $0 per share.
• These shares were granted under the company's Third Amended and Restated 2014 Incentive Award Plan.
• The restricted shares are set to vest on the earlier of the first anniversary of the grant date or the date of the annual meeting of stockholders immediately following the grant date.
• Following this transaction, Mr. Guinee III's direct beneficial ownership in Plymouth Industrial REIT, Inc. increased to 47,069 shares.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director, especially a 10% owner, is generally a positive signal as it aligns their interests with long-term shareholder value and indicates continued commitment to the company. It is a standard compensation practice.

Positives

• The grant of restricted stock to a director aligns management and director interests with those of shareholders.
• The increase in beneficial ownership by a 10% owner signals continued commitment and confidence in the company's future.

Risks

• Potential minor dilution for existing shareholders due to the issuance of new shares under the incentive plan, though the amount is small relative to total shares outstanding.

Future Outlook

The restricted stock grant is subject to a vesting schedule, which will occur on the earlier of the first anniversary of the grant date or the date of the annual meeting of stockholders immediately following the grant date.

Industry Context

This transaction is a standard form of equity compensation for directors in publicly traded companies, including Real Estate Investment Trusts (REITs), aiming to align their interests with long-term shareholder value.

Comparison to Industry Standards

• The grant of restricted stock to directors is a common practice across the REIT sector and broader public company landscape, serving as a key component of non-cash compensation and a mechanism for aligning director incentives with company performance. Specific comparable companies or projects are not detailed in this filing, as it focuses on an individual's transaction.

Corporate Governance

Related Party Transactions

• The grant of restricted stock to John W. Guinee III, a Director and 10% owner, constitutes a related party transaction, as it involves compensation provided by the company to an insider.

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with shareholders, potentially fostering long-term value creation. There is a minor, implicit dilution from the issuance of new shares, but this is typical for equity compensation plans.

Next Steps

• The restricted stock shares will vest on the earlier of the first anniversary of the grant date (June 20, 2026) or the date of the annual meeting of stockholders immediately following the grant date.

Key Dates

Keywords

Plymouth Industrial REIT, PLYM, SEC Form 4, Insider transaction, Restricted stock grant, Director compensation, Equity award, Beneficial ownership, John W. Guinee III, Real Estate Investment Trust, REIT