PHELAN KEVIN C 4

What Happened Kevin C. Phelan, a director of Industrial Logistics Properties Trust (ILPT), was granted 12,514 shares on June 9, 2026 as an equity award. The filing lists no acquisition price (N/A), so a dollar value for the award is not provided. This was an award under the issuer’s equity compensation plan rather than an open-market purchase or sale, and is typically compensation rather than a direct market bet.

Key Details

• Transaction date: 2026-06-09
• Filing date: 2026-06-10 (timely)
• Transaction code: A (award/grant)
• Shares granted: 12,514
• Price per share / total value: N/A (not disclosed)
• Shares owned after transaction: Not specified in the filing
• Footnote: F1 — award pursuant to the issuer’s equity compensation plan
• No indication of a 10b5-1 plan, tax withholding, or cashless sale in this filing

Context Equity awards like this are a common part of executive/director compensation and are often subject to vesting or other restrictions, so they do not necessarily indicate immediate buying or selling intent. For investors, subsequent sales after vesting (or additional filings disclosing ownership levels) can provide clearer signals about an insider’s view.