DeAgazio Richard J 4
Research Summary
AI-generated summary
Plymouth Industrial (PLYM) Director Richard J. DeAgazio Sells 43,270 Shares
What Happened
Richard J. DeAgazio, a director of Plymouth Industrial REIT, disposed of 43,270 shares of the company's common stock on January 27, 2026. The shares were converted into cash under the Merger Agreement at $22.00 per share, producing proceeds of $951,940. The Form 4 was filed on January 28, 2026.
Key Details
- Transaction type: Disposition to issuer (code D) in connection with a merger.
- Transaction date: 2026-01-27; Filing date: 2026-01-28 (timely — within Form 4 filing window).
- Price: $22.00 per share; Total proceeds: $951,940.
- Footnote: Per the Merger Agreement dated October 24, 2025, each share was converted into the right to receive $22.00 in cash (without interest and subject to applicable withholding).
- Shares owned after the transaction: Not specified in the provided filing.
Context
This was not an open-market sale but a disposition tied to the REIT Merger — shares were converted into merger consideration rather than sold into the market. Such merger-related dispositions reflect deal terms rather than an individual insider’s active selling decision.