Director-linked trust buys 2,000 Industrial Logistics shares (ILPT)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Industrial Logistics Properties Trust director-associated trust reports open-market share purchase. A trust associated with director Kevin C. Phelan bought 2,000 common shares of beneficial interest at $8.8678 per share in an open-market transaction on May 22, 2026. Following this, the trust holds 7,500 shares indirectly, while Phelan also holds 90,442.549 shares directly, including 1,325.207 shares acquired through the company’s Dividend Reinvestment Plan since his last Section 16 filing. Phelan disclaims beneficial ownership of the trust’s shares except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares ($17,736)
Net Buy
2 txns
Insider
PHELAN KEVIN C
Role
null
Bought
2,000 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares of Beneficial Interest | 2,000 | $8.8678 | $18K |
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
Holdings After Transaction:
Common Shares of Beneficial Interest — 7,500 shares (Indirect, By Trust);
Common Shares of Beneficial Interest — 90,442.549 shares (Direct, null)
Footnotes (1)
- This transaction is being reported to reflect the purchase of common shares of Industrial Logistics Properties Trust by the Anne D. Phelan Trust, of which Mr. Phelan is a co-trustee and beneficiary. Mr. Phelan disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Includes 1,325.207 shares acquired under the Industrial Logistics Properties Trust Dividend Reinvestment Plan since the last Section 16 filing by Mr. Phelan.
Key Figures
Shares purchased: 2,000 shares
Purchase price per share: $8.8678 per share
Indirect holdings after transaction: 7,500 shares
+2 more
5 metrics
Shares purchased
2,000 shares
Open-market purchase by Anne D. Phelan Trust on May 22, 2026
Purchase price per share
$8.8678 per share
Price paid for ILPT common shares in the reported transaction
Indirect holdings after transaction
7,500 shares
ILPT shares held indirectly through trust after purchase
Direct holdings
90,442.549 shares
ILPT common shares held directly by Kevin C. Phelan after reporting
Dividend Reinvestment Plan shares
1,325.207 shares
Shares acquired via ILPT Dividend Reinvestment Plan since last filing
Key Terms
open-market purchase, beneficial ownership, pecuniary interest, Dividend Reinvestment Plan, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficial ownership financial
"Mr. Phelan disclaims beneficial ownership of such shares except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Dividend Reinvestment Plan financial
"Includes 1,325.207 shares acquired under the Industrial Logistics Properties Trust 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 Mr. Phelan"
FAQ
What insider transaction did ILPT director Kevin C. Phelan report?
Kevin C. Phelan reported an indirect open-market purchase of 2,000 Industrial Logistics Properties Trust common shares at $8.8678 per share. The shares were acquired by the Anne D. Phelan Trust, where he is co-trustee and beneficiary, and he disclaims full beneficial ownership.
What is the Dividend Reinvestment Plan mentioned in the ILPT Form 4?
The filing notes that 1,325.207 ILPT shares were acquired under the Industrial Logistics Properties Trust Dividend Reinvestment Plan. This plan allows dividends to be automatically reinvested into additional shares, increasing holdings over time without separate open-market purchase transactions by the shareholder.