Was the ILPT share award to Lisa Harris Jones an open-market purchase?

No, the ILPT shares were not bought on the open market. The 12,514 common shares were granted to Lisa Harris Jones at no stated price as part of Industrial Logistics Properties Trust’s equity compensation plan, reflecting compensation rather than a discretionary market purchase.

Industrial Logistics Properties Trust (ILPT) director granted 12,514 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

JONES LISA HARRIS reported acquisition or exercise transactions in this Form 4 filing.

Industrial Logistics Properties Trust director Lisa Harris Jones received an equity grant of 12,514 common shares of beneficial interest. The award was made at no stated price as part of the company’s equity compensation plan. Following this grant and prior dividend reinvestments, she now directly holds 137,367.24 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider JONES LISA HARRIS

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest	12,514	$0.00	--

Holdings After Transaction: Common Shares of Beneficial Interest — 137,367.24 shares (Direct, null)

Footnotes (1)

Transaction reported is award of shares pursuant to the Issuer's equity compensation plan. Includes 1,718.051 shares acquired under a dividend reinvestment plan since the last Section 16 filing by Ms. Harris Jones.

Key Figures

Equity award size: 12,514 shares Post-transaction holdings: 137,367.24 shares Dividend reinvestment plan shares: 1,718.051 shares +1 more

4 metrics

Equity award size 12,514 shares Common Shares of Beneficial Interest granted on 2026-06-09

Post-transaction holdings 137,367.24 shares Direct ILPT common shares after the award

Dividend reinvestment plan shares 1,718.051 shares Accumulated under dividend reinvestment plan since last filing

Grant price $0.0000 per share Equity compensation grant with no cash paid by insider

Key Terms

Common Shares of Beneficial Interest, equity compensation plan, dividend reinvestment plan, Section 16 filing

4 terms

Common Shares of Beneficial Interest financial

"security_title: Common Shares of Beneficial Interest"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

equity compensation plan financial

"award of shares pursuant to the Issuer's equity compensation plan"

A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.

dividend reinvestment plan financial

"Includes 1,718.051 shares acquired under a dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Section 16 filing regulatory

"since the last Section 16 filing by Ms. Harris Jones"

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Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 06:31 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

JONES LISA HARRIS

(Last)

(First)

(Middle)

C/O THE RMR GROUP LLC

TWO NEWTON PL., 255 WASH. ST., STE. 300

(Street)

NEWTON

MASSACHUSETTS

02458

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Industrial Logistics Properties Trust [ ILPT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares of Beneficial Interest	06/09/2026		A		12,514	A	⁽¹⁾	137,367.24⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Transaction reported is award of shares pursuant to the Issuer's equity compensation plan.

2. Includes 1,718.051 shares acquired under a dividend reinvestment plan since the last Section 16 filing by Ms. Harris Jones.

	/s/ Lisa Harris Jones	06/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ILPT director Lisa Harris Jones report?

Lisa Harris Jones reported receiving an award of 12,514 common shares of beneficial interest in Industrial Logistics Properties Trust. The shares were granted at no stated purchase price under the company’s equity compensation plan, increasing her overall direct holdings in ILPT.

How many ILPT shares does Lisa Harris Jones hold after this grant?

After the grant, Lisa Harris Jones directly holds 137,367.24 ILPT common shares of beneficial interest. This total includes the new 12,514-share equity award and shares previously accumulated, such as those acquired through the company’s dividend reinvestment plan over time.

What role does the equity compensation plan play in Lisa Harris Jones’s ILPT holdings?

The equity compensation plan grants ILPT shares to Lisa Harris Jones as part of her director compensation. The reported 12,514-share award increased her direct stake, complementing shares she has also accumulated through a dividend reinvestment plan since her last Section 16 ownership filing.

What does the dividend reinvestment plan disclosure mean for ILPT insider holdings?

The filing notes that 1,718.051 ILPT shares were acquired through a dividend reinvestment plan since Lisa Harris Jones’s prior filing. This indicates part of her position grows automatically as cash dividends are reinvested into additional shares rather than being taken in cash.