Industrial Logistics (ILPT) Director Adam Portnoy Receives 39,164-Share Award

What Happened Adam D. Portnoy, a director of Industrial Logistics Properties Trust (ILPT), was granted 39,164 shares on September 10, 2026 under the issuer's equity compensation plan (transaction code A — award/acquisition). No purchase price or total dollar value is disclosed on the Form 4 (report lists price as N/A). This is an award (acquisition) rather than a sale.

Key Details

• Transaction date: 2026-09-10 (reported on Form 4 filed 2026-09-14). Filing was within the typical 2-business-day window and is not flagged as late.
• Shares involved: 39,164 shares granted; price/value: not reported (N/A).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: (F1) award was made pursuant to the issuer's equity compensation plan; (F2) the shares are held by ABP Trust. Mr. Portnoy is the sole trustee, an officer and the controlling shareholder of ABP Trust and "may be deemed" a beneficial owner, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
• Transaction code: A (award/grant).

Context Stock awards under equity compensation plans are a routine form of director/executive compensation and may vest over time or be subject to restrictions; they do not necessarily indicate immediate buying or selling pressure. The use of a trust (ABP Trust) means ownership/reporting is via that entity and Portnoy’s direct beneficial ownership is limited to his stated pecuniary interest.