Industrial Logistics CEO Yael Duffy Withholds 16,275 Shares

What Happened
Yael Duffy, President, CEO and a director of Industrial Logistics Properties Trust (ILPT), had 16,275 shares disposed on 2026-09-17 via withholding to satisfy a tax liability. The shares were valued at $7.75 each for a total of $126,131. This transaction is a tax-withholding event tied to the vesting/issuance of securities, not an open-market sale for cash.

Key Details

• Transaction date: 2026-09-17; reported on Form 4 filed 2026-09-21 (filed timely).
• Shares withheld/disposed: 16,275 at $7.75 per share; total value reported $126,131.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 — payment of tax liability by withholding securities incident to the vesting of the security (Rule 16b-3).
• Transaction code: F (tax withholding/settlement), not a P (purchase) or S (open-market sale).

Context
This was a routine "sell-to-cover" or withholding to meet tax obligations upon vesting; such transactions are common and do not necessarily indicate the insider's view of the company’s prospects. Because the shares were withheld to cover taxes (not sold on the open market for investment purposes), this is generally considered administrative rather than a directional insider trade.