WHITE PENDLETON P. JR. 4
4 · Plymouth Industrial REIT, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Plymouth Industrial REIT (PLYM) Director White P. Pendleton Jr. Sells Shares
What Happened
White P. Pendleton Jr., a director of Plymouth Industrial REIT, disposed of a total of 126,735 shares on January 27, 2026. The dispositions were to the issuer at $22.00 per share, totaling $2,788,170 (comprised of 4,000 shares for $88,000; 5,000 shares for $110,000; and 117,735 shares for $2,590,170). These were dispositions in connection with a Merger Agreement and represent conversion of shares into cash consideration rather than open-market sales.
Key Details
- Transaction date(s) and price: 2026-01-27, $22.00 per share (all reported dispositions).
- Transaction code: D (disposition to the issuer).
- Total shares disposed: 126,735; total cash received: $2,788,170.
- Shares owned after transaction: Not specified in the Form 4 provided.
- Footnote: The shares were converted into the right to receive $22.00 per share under the Agreement and Plan of Merger (dated Oct 24, 2025); payment is without interest and subject to required withholding taxes.
- Filing timeliness: Form 4 filed 2026-01-28 (one business day after the transaction), within the usual 2-business-day reporting requirement.
Context
These dispositions were merger-related (each share converted into merger consideration of $22.00/share) rather than routine open-market sales, so they represent a cash-out tied to the REIT merger. For retail investors, merger-driven dispositions are typically mechanical outcomes of deal terms rather than independent signals of insider sentiment.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-01-27$22.00/sh−4,000$88,000→ 0 total(indirect: By father's estate) - Disposition to Issuer
Common Stock
[F1]2026-01-27$22.00/sh−5,000$110,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
[F1]2026-01-27$22.00/sh−117,735$2,590,170→ 0 total
Footnotes (1)
- [F1]Represents shares of the Issuer's common stock, par value $0.01 per share (collectively, the "Shares"), disposed of in connection with the Agreement and Plan of Merger, dated as of October 24, 2025 (the "Merger Agreement"), by and among the Issuer, Plymouth Industrial OP, LP, PIR Ventures LP, PIR Industrial REIT LLC ("REIT Merger Sub"), and PIR Industrial OP LLC. In accordance with the Merger Agreement, at the effective time of the merger of the Issuer with and into REIT Merger Sub (the "REIT Merger"), each Share held by the reporting person was converted into the right to receive an amount in cash equal to $22.00 (the "Merger Consideration"), without interest and subject to any required withholding taxes.