Murphy Caitlin 4
Research Summary
AI-generated summary
Plymouth Industrial REIT (PLYM) Director Caitlin Murphy Sells Shares
What Happened
- Caitlin Murphy, a director of Plymouth Industrial REIT (PLYM), disposed of 15,489 common shares on 2026-01-27. The shares were converted into cash at $22.00 per share under the companies' merger agreement, resulting in proceeds of $340,758.
Key Details
- Transaction date and price: 2026-01-27 at $22.00 per share.
- Shares disposed: 15,489; Total proceeds: $340,758.
- Transaction type: Disposition to the issuer (D) in connection with the Agreement and Plan of Merger.
- Footnote: Per the Merger Agreement, each share was converted into the right to receive $22.00 in cash (the “Merger Consideration”), without interest and subject to applicable withholding taxes.
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: No late filing indicated in the information provided.
Context
- This was not an open-market sale but a merger-related conversion of shares into cash under the REIT merger agreement. Such dispositions are routine when shares are cashed out in a corporate transaction and do not necessarily reflect the insider’s view of ongoing company prospects.