Witherell Jeffrey E 4
4 · Plymouth Industrial REIT, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Plymouth Industrial REIT (PLYM) CEO Jeffrey Witherell Sells 437,682 Shares
What Happened
- Jeffrey E. Witherell, CEO and Director of Plymouth Industrial REIT, disposed of 437,682 shares on Jan 27, 2026. The shares were converted into cash at $22.00 per share under the Merger Agreement, generating $9,629,004 (before any required tax withholding).
Key Details
- Transaction date and price: 2026-01-27, $22.00 per share.
- Shares disposed: 437,682; gross proceeds: $9,629,004.
- Shares owned after transaction: effectively 0 common shares (each share was converted into the right to receive cash at the effective time of the REIT merger).
- Footnote: Disposal occurred in connection with the Agreement and Plan of Merger dated Oct 24, 2025; Merger Consideration = $22.00 cash per share, without interest and subject to withholding.
- Filing timeliness: Form 4 filed 2026-01-28 for a 2026-01-27 transaction (appears timely; not marked late).
Context
- This was not an open-market sale but a disposition to the issuer as part of a merger (REIT Merger), meaning the shares were converted to cash under the merger terms rather than a voluntary market trade. Such merger-driven conversions reflect deal terms rather than an insider picking a market timing strategy.
Insider Transaction Report
Form 4Exit
Witherell Jeffrey E
DirectorCEO
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-01-27$22.00/sh−437,682$9,629,004→ 0 total
Footnotes (1)
- [F1]Represents shares of the Issuer's common stock, par value $0.01 per share (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.
Signature
/s/ Anthony Saladino, as attorney-in-fact for Jeffrey E. Witherell|2026-01-28