PORTNOY ADAM D. 4
4 · Industrial Logistics Properties Trust · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
ILPT Director Adam Portnoy Receives 12,514-Share Award
What Happened Adam D. Portnoy, a director of Industrial Logistics Properties Trust (ILPT), was granted 12,514 shares as an equity award under the company's compensation plan on 2026-06-09. The filing reports this as an award/acquisition (code A); no per-share price or cash value is disclosed in the Form 4.
Key Details
- Transaction date: 2026-06-09; Form 4 filed: 2026-06-10 (timely).
- Transaction type/code: Award/Grant (A) — 12,514 shares granted.
- Price/Value: Not disclosed (N/A) in the filing.
- Shares owned after the transaction: Not reported in the provided summary.
- Footnotes: (1) Award issued pursuant to the issuer's equity compensation plan. (2) The shares are held by ABP Trust; Mr. Portnoy is sole trustee and may be deemed a beneficial owner but disclaims beneficial ownership except to the extent of his pecuniary interest.
Context Equity awards to directors are typically part of regular compensation (retainers or long-term incentive programs) and do not by themselves indicate a personal market buy or sell decision. Note the shares are held in a trust (ABP Trust), which creates a legal/beneficial ownership nuance disclosed by the insider.
Insider Transaction Report
- Award
Common Shares of Beneficial Interest
[F1]2026-06-09+12,514→ 212,377 total
- 745,672(indirect: See Footnote)
Common Shares of Beneficial Interest
[F2]
Footnotes (2)
- [F1]Transaction reported is award of shares pursuant to the Issuer's equity compensation plan.
- [F2]These shares are held by ABP Trust; Mr. Portnoy, as the sole trustee, an officer and the controlling shareholder of ABP Trust, may be deemed to be a beneficial owner of these shares, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.