ILPT director granted 12,514 shares, withholds for tax

Industrial Logistics Properties Trust director Elena Poptodorova reported routine equity compensation activity.

Rhea-AI Filing Summary

Industrial Logistics Properties Trust director Elena Poptodorova reported routine equity compensation activity. She received a grant of 12,514 Common Shares of Beneficial Interest at no cost, awarded under the company’s equity compensation plan.

On the same date, 1,878 common shares were disposed of at $8.79 per share to cover tax obligations through a tax-withholding disposition, rather than an open-market sale. These transactions reflect compensation and related tax payments, not discretionary buying or selling of shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Poptodorova Elena

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest	12,514	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares of Beneficial Interest	1,878	$8.79	$17K

Holdings After Transaction: Common Shares of Beneficial Interest — 10,636 shares (Direct)

Footnotes (1)

1. F1. Transaction reported is award of shares pursuant to the Issuer's equity compensation plan.

Key Figures

Equity grant: 12,514 shares Tax-withholding shares: 1,878 shares Tax-withholding price: $8.79 per share

3 metrics

Equity grant 12,514 shares Common Shares of Beneficial Interest granted at $0.00 per share

Tax-withholding shares 1,878 shares Shares disposed to cover tax liability

Tax-withholding price $8.79 per share Price for 1,878-share tax-withholding disposition

Key Terms

tax-withholding disposition, equity compensation plan, Common Shares of Beneficial Interest, Grant, award, or other acquisition

4 terms

tax-withholding disposition financial

"1,878 common shares were disposed of at $8.79 per share to cover tax obligations through a tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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.

Common Shares of Beneficial Interest financial

"She received a grant of 12,514 Common Shares of Beneficial Interest at no cost"

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.

Grant, award, or other acquisition financial

"transaction code description states Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did ILPT director Elena Poptodorova report?

Elena Poptodorova reported two transactions: a grant of 12,514 Common Shares of Beneficial Interest at no cost and a tax-withholding disposition of 1,878 shares at $8.79 per share, both tied to equity compensation rather than open-market trading.

Was the ILPT Form 4 transaction an open-market sale or purchase?

The Form 4 shows no open-market sale or purchase. It reports an equity award of 12,514 shares and a tax-withholding disposition of 1,878 shares at $8.79 to satisfy tax obligations, not discretionary trading in the open market.

How many ILPT shares were granted to Elena Poptodorova in this filing?

The filing shows a grant of 12,514 Common Shares of Beneficial Interest to Elena Poptodorova at a price per share of $0.00. A footnote explains the transaction is an award of shares under Industrial Logistics Properties Trust’s equity compensation plan.

What does the 1,878-share ILPT disposition represent in the Form 4?

The 1,878-share disposition at $8.79 per share is labeled as a tax-withholding transaction. It reflects payment of tax liability by delivering shares, meaning the issuer withheld these shares rather than Poptodorova executing an open-market sale.

Are the ILPT insider transactions primarily compensation-related?

Yes. The Form 4 describes a grant of 12,514 shares at no cost and a tax-withholding disposition of 1,878 shares, with a footnote stating the shares were awarded under the issuer’s equity compensation plan, indicating compensation-related activity rather than ordinary trading.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/10/2026 - 06:25 PM Learn about SEC filing dates

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^*

Poptodorova Elena

(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)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	06/09/2026		A		12,514	A	(1)	12,514	D
Common Shares of Beneficial Interest	06/09/2026		F		1,878	D	$8.79	10,636	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/ Elena Poptodorova	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)