Industrial Logistics (ILPT) Director Adam Portnoy Sells 10,046 Shares

What Happened

• Adam D. Portnoy, a director of Industrial Logistics Properties Trust (ILPT), had 10,046 shares disposed on 2026-09-17 as payment of tax liability related to the vesting of securities. The shares were disposed at $7.75 per share for a total of approximately $77,857. This was a tax-withholding disposal (routine), not an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-09-17
• Price per share: $7.75; Shares disposed: 10,046; Total value: ~$77,857
• Shares owned after transaction: Not specified in the provided filing
• Filing date: 2026-09-21 (filed within the typical two-business-day Form 4 window)
• Footnotes:
  • F1: The disposal was to pay tax liability by withholding securities incident to vesting (per Rule 16b-3).
  • F2: The shares are held by ABP Trust; Mr. Portnoy is sole trustee and may be deemed a beneficial owner but disclaims beneficial ownership except for his pecuniary interest.

Context

• This is a routine tax-withholding event (code F) associated with vested awards. Such disposals are common and generally reflect tax mechanics rather than a directional bet by the insider. The filing does not indicate a market sale intended to change ownership exposure.