Form 4: Plymouth Industrial REIT EVP and CFO Anthony Saladino Reports Acquisition of Performance Stock Units

Anthony Saladino, EVP and CFO of Plymouth Industrial REIT, reports the acquisition of 20,793 performance stock units on April 22, 2024, convertible to common stock based on performance metrics.

Summary

• On April 22, 2024, Anthony Saladino, the EVP and CFO of Plymouth Industrial REIT, acquired 20,793 performance stock units.
• These units represent a contingent right to receive one share of common stock each.
• The performance award amount is determined based on the issuer's stockholder return over a three-year period ending in December 2026.
• The performance stock units vest 100% on December 31, 2026.
• Following the reported transaction, Saladino beneficially owns 32,402 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding executive compensation, and does not inherently convey positive or negative sentiment.

Future Outlook

The performance stock units vest based on the issuer's stockholder return over a three-year period ending in December 2026.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of performance stock units aligns executive compensation with shareholder returns, potentially incentivizing management to improve company performance.

Key Dates