Industrial Logistics Properties (ILPT) grants 12,514 shares to CEO

Rhea-AI Filing Summary

Duffy Yael reported acquisition or exercise transactions in this Form 4 filing.

Industrial Logistics Properties Trust reported that President and CEO Yael Duffy received a grant of 12,514 Common Shares of Beneficial Interest on 2026-06-09. The shares were awarded at a price of $0.00 per share under the company’s equity compensation plan, bringing her direct holdings to 86,699 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Duffy Yael

Role President and CEO

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

Holdings After Transaction: Common Shares of Beneficial Interest — 86,699 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Equity award size: 12,514 shares Grant price: $0.00 per share Shares held after transaction: 86,699 shares

3 metrics

Equity award size 12,514 shares Grant of Common Shares of Beneficial Interest on June 9, 2026

Grant price $0.00 per share Equity compensation plan award

Shares held after transaction 86,699 shares CEO direct ownership following the grant

Key Terms

Common Shares of Beneficial Interest, equity compensation plan, grant, award, or other acquisition

3 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.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Duffy Yael

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	06/09/2026		A		12,514	A	(1)	86,699	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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

	/s/ Yael Duffy	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)

FAQ

What did ILPT CEO Yael Duffy report in this Form 4 filing?

Yael Duffy reported receiving 12,514 Common Shares of Beneficial Interest as an equity award. The shares were granted at $0.00 per share and increased her direct ownership to 86,699 shares following the transaction.

Was the ILPT CEO’s June 2026 share transaction a market purchase or sale?

The transaction was not a market purchase or sale. It was an acquisition of 12,514 shares classified as a grant or award, received as part of Industrial Logistics Properties Trust’s equity compensation plan.

How many ILPT shares does CEO Yael Duffy hold after this award?

After the equity award, Yael Duffy directly holds 86,699 Common Shares of Beneficial Interest. This figure reflects her position immediately following the 12,514-share grant reported in the June 9, 2026 Form 4 filing.

What is the transaction code used in the ILPT CEO’s Form 4?

The Form 4 uses transaction code “A,” which indicates a grant, award, or other acquisition. In this case, 12,514 shares were awarded to the CEO under Industrial Logistics Properties Trust’s equity compensation plan at no cash cost.

Does ILPT’s CEO pay cash for the 12,514-share equity award?

No cash was paid for this award. The 12,514 Common Shares of Beneficial Interest were granted at a transaction price of $0.00 per share as part of Industrial Logistics Properties Trust’s equity compensation plan.