COTTONE PHILIP S 4
4 · Plymouth Industrial REIT, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Plymouth Industrial (PLYM) Director Philip S. Cottone Sells 30,278 Shares
What Happened
Philip S. Cottone, a director of Plymouth Industrial REIT, disposed of 30,278 shares on January 27, 2026. The shares were converted to cash under the company’s Merger Agreement at $22.00 per share, for total proceeds of $666,116. This was a disposition tied to the REIT merger (not an open‑market sale).
Key Details
- Transaction date: 2026-01-27; filing date (Form 4): 2026-01-28.
- Price / consideration: $22.00 per share; total received: $666,116.
- Transaction type: Disposition to issuer in connection with the Merger Agreement (footnote F1).
- Footnote: Each share was converted into the right to receive $22.00 in cash at the effective time of the merger, without interest and subject to withholding taxes.
- Shares owned after the transaction: not specified in the provided filing details.
- Timeliness: Filed one day after the reported transaction date (no late‑filing flag shown).
Context
This was a merger-related conversion of shares into a cash payment under the Merger Agreement, which is a routine corporate transaction and not an open-market trade signaling a director’s buy/sell decision. Such dispositions convert existing holdings into the agreed merger consideration and may be subject to required withholding taxes.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-01-27$22.00/sh−30,278$666,116→ 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.