Industrial Logistics CEO granted 39K shares

ILPT’s President and CEO received an equity compensation share award, increasing her direct holdings in the company.

Rhea-AI Filing Summary

Industrial Logistics Properties Trust (symbol: ILPT) is the issuer of record for a Form 4 filing submitted to the SEC. Duffy Yael reported acquisition or exercise transactions in this Form 4 filing.

Industrial Logistics Properties Trust (ILPT) reported that President and CEO, and director, Yael Duffy received an award of 39,164 Common Shares of Beneficial Interest on September 10, 2026, as compensation under the company’s equity compensation plan. Following this grant, Duffy directly holds 125,863 common shares. No Rule 10b5-1 trading plan is reported for this award.

Insider Trade Summary

Grant/Award: 39,164 shares

Grant/Award 1 txn

Insider Duffy Yael

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest F1	39,164	--	--

Holdings After Transaction: Common Shares of Beneficial Interest — 125,863 shares (Direct)

Footnotes (1)

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

Key Figures

Shares awarded: 39,164 shares Shares owned after transaction: 125,863 shares Number of acquisition transactions: 1 transaction

3 metrics

Shares awarded 39,164 shares Equity compensation award on September 10, 2026

Shares owned after transaction 125,863 shares Direct holdings of Yael Duffy following the award

Number of acquisition transactions 1 transaction Non-derivative equity award reported on this Form 4

Key Terms

equity compensation plan, Common Shares of Beneficial Interest, Rule 10b5-1 plan

3 terms

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

"security titled 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.

Rule 10b5-1 plan regulatory

"No Rule 10b5-1 trading plan is reported for this award"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

FAQ

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

What insider transaction did ILPT report for President and CEO Yael Duffy?

ILPT reported that Yael Duffy received an award of 39,164 Common Shares of Beneficial Interest on September 10, 2026, as part of the company’s equity compensation plan.

How many ILPT shares does Yael Duffy hold after this Form 4 transaction?

After the September 10, 2026 award, Yael Duffy directly holds 125,863 common shares of Industrial Logistics Properties Trust.

Was the ILPT Form 4 transaction a market purchase or a compensation grant?

The transaction was a compensation grant of 39,164 shares under ILPT’s equity compensation plan, not a market purchase or sale.

Does the ILPT Form 4 indicate a Rule 10b5-1 trading plan for this award?

No. The filing indicates no Rule 10b5-1 plan is reported in connection with this equity award to Yael Duffy.

What type of security did Yael Duffy receive from ILPT in this award?

Yael Duffy received Common Shares of Beneficial Interest of Industrial Logistics Properties Trust, totaling 39,164 shares in this award.

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

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Available on EDGAR 09/14/2026 - 05:36 PM Accepted by SEC EDGAR 09/14/2026 - 05:35 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^*

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)
09/10/2026

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	09/10/2026		A		39,164	A	(1)	125,863	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	09/14/2026
	** 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)