Saladino Anthony 4
Research Summary
AI-generated summary
Plymouth Industrial (PLYM) President/CFO Anthony Saladino Sells 127,314 Shares
What Happened
Anthony Saladino, President and Chief Financial Officer of Plymouth Industrial REIT, disposed of 127,314 shares of PLYM on January 27, 2026. The shares were converted into cash at $22.00 per share as part of the companies' Merger Agreement, yielding $2,800,908 in merger consideration. This was a disposition to the issuer under the merger (not an open-market sale).
Key Details
- Transaction date: 2026-01-27; Price: $22.00 per share; Total consideration: $2,800,908. (Disposition code: D)
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Conversion occurred pursuant to the Agreement and Plan of Merger dated October 24, 2025; each share was converted into the right to receive $22.00 in cash (see F1).
- Filing date: Form 4 filed on 2026-01-28 for the 2026-01-27 transaction (appears timely under Form 4 reporting rules).
Context
This transaction arises from a corporate merger—shares were converted into cash per the Merger Agreement—so it reflects deal terms rather than a typical insider sale for personal liquidity. For retail investors, merger-driven dispositions are procedural and do not necessarily indicate insider sentiment about the company's future performance.