Form 4: Plymouth Industrial REIT Director Receives Restricted Stock Grant

Caitlin Murphy, a Director at Plymouth Industrial REIT, Inc., was granted 6,269 shares of restricted common stock as part of her compensation, increasing her total beneficial ownership to 15,489 shares.

Summary

• Caitlin Murphy, a Director of Plymouth Industrial REIT, Inc. (PLYM), acquired 6,269 shares of common stock on June 20, 2025.
• The acquisition was a grant of restricted stock under the Plymouth Industrial REIT, Inc. Third Amended and Restated 2014 Incentive Award Plan.
• The shares were acquired at a price of $0 per share, indicating they were compensation.
• Following this transaction, Ms. Murphy's total beneficial ownership of Plymouth Industrial REIT common stock increased to 15,489 shares.
• 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.
• The Form 4 filing was signed by Anne A. Hayward, acting as attorney-in-fact for Caitlin Murphy, on June 23, 2025.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a routine compensation event, it signifies continued alignment of a director's interests with the company's performance through equity ownership.

Positives

• The grant of restricted stock aligns the director's financial interests with the long-term performance and shareholder value of Plymouth Industrial REIT.
• Increased insider ownership can signal confidence in the company's future prospects.

Future Outlook

The restricted stock granted to Director Caitlin Murphy is subject to a vesting schedule, which will occur 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.

Industry Context

This transaction represents a routine equity compensation event for a director within a Real Estate Investment Trust (REIT). Such grants are common practice to incentivize long-term performance and align management/director interests with shareholders.

Comparison to Industry Standards

• The grant of restricted stock to a director at a $0 price is a standard form of non-cash equity compensation widely used across the REIT industry and public companies to attract and retain talent, and to align director incentives with shareholder value creation.

Corporate Governance

Related Party Transactions

• Grant of 6,269 shares of restricted common stock to Caitlin Murphy, a Director of Plymouth Industrial REIT, Inc., as part of her compensation under the company's incentive award plan.

Stakeholder Impact

• Shareholders: Benefit from increased alignment of director's interests with long-term company performance and potential for enhanced shareholder value.
• Employees/Management: The Power of Attorney streamlines administrative processes for SEC compliance related to insider transactions.

Next Steps

• Vesting of the 6,269 restricted shares on the earlier of 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 Compensation, Real Estate Investment Trust, REIT