Connolly James 4

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).