PORTNOY ADAM D. 4

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.