Connolly James 4
4 · Plymouth Industrial REIT, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Plymouth Industrial (PLYM) EVP James Connolly Sells 120,236 Shares
What Happened James Connolly, Executive Vice President of Asset Management at Plymouth Industrial REIT (PLYM), disposed of 120,236 shares on January 27, 2026. The shares were converted/treated as a disposition to the issuer under the parties' Merger Agreement at $22.00 per share, resulting in aggregate consideration of $2,645,192. This was a deal-driven disposition tied to the announced merger, not an open-market sale.
Key Details
- Transaction date: 2026-01-27; Form 4 filed: 2026-01-28 (timely).
- Transaction type/code: D (Disposition to issuer) in connection with the Merger Agreement.
- Price per share: $22.00; Shares disposed: 120,236; Total consideration: $2,645,192.
- Footnote: Per the Merger Agreement (dated Oct 24, 2025), each share was converted into the right to receive $22.00 in cash (the “Merger Consideration”), without interest and subject to any required withholding taxes.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context This disposition arises from the REIT merger transaction (the Issuer merging into REIT Merger Sub) and represents conversion of common stock into cash consideration under the deal. Such merger-related dispositions are typically transactional (driven by deal terms) rather than indicative of a manager’s independent market view. The filing appears timely (reported the next day).
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-01-27$22.00/sh−120,236$2,645,192→ 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.