Form 4: Plymouth REIT Executive Disposes Shares in Merger
Insider Transaction Report
Plymouth Industrial REIT executive James Connolly disposed of all his common stock holdings as the company completed its merger, converting shares to cash at $22 each.
Summary
- James Connolly, EVP/Asset Management of Plymouth Industrial REIT, Inc. (PLYM), disposed of 120,236 shares of common stock.
- The transaction occurred on January 27, 2026, as part of the Agreement and Plan of Merger dated October 24, 2025.
- Each share was converted into the right to receive $22.00 in cash, without interest and subject to withholding taxes.
- Following this transaction, Connolly beneficially owns 0 shares of Plymouth Industrial REIT, Inc. common stock.
- The merger involved Plymouth Industrial REIT, Inc. merging with and into PIR Industrial REIT LLC (REIT Merger Sub).
Sentiment
Score: 5
Explanation: The filing is a factual report of a completed insider transaction resulting from a merger, thus maintaining a neutral sentiment.
Positives
- Reporting person James Connolly received $22.00 per share in cash for his 120,236 shares, totaling approximately $2,645,192, providing a clear liquidity event.
Future Outlook
This filing reports a completed transaction related to a merger and does not provide forward-looking statements or guidance for the new entity.
Industry Context
The transaction reflects a consolidation event within the Real Estate Investment Trust (REIT) sector, where Plymouth Industrial REIT, Inc. was acquired, leading to the conversion of its equity into cash for shareholders.
Stakeholder Impact
- Shareholders of Plymouth Industrial REIT, Inc. received cash consideration of $22.00 per share as a result of the merger, providing liquidity for their investment.
Key Dates
| Date | Description |
|---|---|
| October 24, 2025 | Date of the Agreement and Plan of Merger. |
| January 27, 2026 | Date of the transaction where shares were disposed due to the merger. |
| January 28, 2026 | Date the Form 4 was signed by the attorney-in-fact for James Connolly. |
Keywords
Plymouth Industrial REIT, PLYM, Merger, Insider Transaction, Form 4, Common Stock, Executive Compensation, Real Estate Investment Trust
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