Form 4: Plymouth Industrial REIT Director Sells Shares Post-Merger
Insider Transaction Report
Plymouth Industrial REIT Director Pendleton P. White, Jr. disposed of all his common stock holdings following the company's merger, receiving $22.00 per share.
Summary
- Pendleton P. White, Jr., a Director of Plymouth Industrial REIT, Inc. (PLYM), reported the disposal of all his beneficial ownership in the company's common stock.
- The transaction occurred on January 27, 2026, in connection with the Agreement and Plan of Merger dated October 24, 2025.
- Plymouth Industrial REIT, Inc. merged with and into REIT Merger Sub.
- Each share of common stock held by the reporting person was converted into the right to receive $22.00 in cash, without interest and subject to withholding taxes.
- A total of 126,735 shares were disposed of: 4,000 shares indirectly by a father's estate, 5,000 shares indirectly by a trust, and 117,735 shares directly.
- The total cash consideration received for these shares amounts to $2,788,170.
- Following these transactions, the reporting person holds 0 shares of Plymouth Industrial REIT, Inc. common stock.
Sentiment
Score: 7
Explanation: The filing reports a director's share disposal due to a merger, indicating a successful liquidity event for shareholders at a fixed price, which is generally positive for those holding the stock.
Positives
- The merger provided a clear liquidity event for shareholders, including the reporting director, at a fixed cash price of $22.00 per share.
- The reporting person received a significant cash payout of $2,788,170 from the disposal of shares.
Negatives
- Plymouth Industrial REIT, Inc. ceased to exist as an independent publicly traded entity, which might be viewed negatively by investors seeking long-term growth in that specific company.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders received cash for their shares as part of the merger agreement.
Key Dates
| Date | Description |
|---|---|
| 10/24/2025 | Date of the Agreement and Plan of Merger |
| 01/27/2026 | Date of earliest transaction (disposal of common stock) |
| 01/28/2026 | Signature date of the reporting person's attorney-in-fact |
Keywords
Plymouth Industrial REIT, PLYM, Form 4, insider transaction, director, stock sale, merger, beneficial ownership, REIT
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