Every Form 4 that Modiv Industrial Inc (MDV) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow MDV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MDV filings page.
MODIV INDUSTRIAL, INC. director Thomas H. Nolan Jr. reported dispositions to the issuer in connection with a merger with Global Net Lease, Inc. At the REIT Merger effective time, 30,116.5774 shares of Modiv Class C common stock were converted into the right to receive 1.975 shares of GNL common stock per Modiv share, plus cash in lieu of fractional GNL shares. In a separate transaction, 394 shares of Modiv’s 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock were converted into the right to receive $25.215104 in cash per preferred share, leaving Nolan with 0 reported Modiv common and preferred shares following these issuer dispositions.
MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras reported dispositions to the issuer in connection with a completed merger with Global Net Lease, Inc. All 12,938.1256 shares of Modiv Class C common stock and 2,292.3994 shares of 7.375% Series A preferred stock held directly by him were converted into merger consideration, leaving 0 shares of each class reported as held following the transactions.
Modiv Industrial, Inc. director Connie Tirondola reported a disposition to the issuer of 15,174.479 shares of Class C common stock on August 12, 2026. This occurred in connection with a merger in which each Modiv Class C share was converted into the right to receive 1.975 shares of Global Net Lease, Inc. common stock plus cash for any fractional GNL shares. Following the transaction, Tirondola reported 0 shares of Modiv common stock held directly.
MODIV INDUSTRIAL, INC. director Kimberly J. Smith reported a disposition of 18,367.8963 shares of Class C common stock in a transaction categorized as a disposition to the issuer. This reflects the closing of a merger in which Modiv combined with entities affiliated with Global Net Lease, Inc.
Under the merger terms, each share of Modiv Class C common stock was converted into the right to receive 1.975 shares of Global Net Lease common stock, plus cash in lieu of any fractional Global Net Lease shares. Following this conversion, Smith reported 0 shares of Modiv Class C common stock held directly.
MODIV INDUSTRIAL, INC. Chief Accounting Officer Sara R. Grisham reported merger-related unit conversions involving the Modiv Operating Partnership and Global Net Lease structures. On August 12, 2026, 40,000 Class X Units vested and were converted into 40,000 Class C Units of the Modiv Operating Partnership. At the OpCo Merger effective time, these 40,000 Class C Units were disposed and converted into the right to receive GNL Operating Partnership OP Units at an exchange ratio of 1.975 GNL OP Units per Class C Unit, plus cash in lieu of any fractional OP Units.
MODIV INDUSTRIAL, INC. executive vice president Raymond J. Pacini reported transactions tied to the merger of Modiv with Global Net Lease, Inc. On August 12, 2026, an associated revocable trust converted 65,000 Class X Units into 65,000 Class C Units, then those Class C Units were converted into the right to receive GNL Operating Partnership OP Units under the merger terms.
Separately, Pacini disposed of 115,580.5 shares of Modiv Class C common stock in a transaction to the issuer, with each share converted into the right to receive 1.975 shares of GNL common stock plus cash in lieu of fractional shares. Following these events, reported direct holdings of Modiv Class C common stock were 0 shares.
MODIV INDUSTRIAL, INC. CFO, GC and Secretary John Connor Raney reported merger-related transactions on August 12, 2026. A revocable trust associated with him exercised 162,500 Class X Units into Class C Units, which, together with other Class C Units, converted into GNL Operating Partnership OP Units in the OpCo Merger. His directly held 2,183 Class C common shares were converted into GNL common stock at 1.975 GNL shares per Modiv share, and 400 shares of 7.375% Series A preferred stock were converted into $25.215104 in cash per share, all pursuant to the Modiv–Global Net Lease merger agreements.
Modiv Industrial, Inc. completed a merger with entities affiliated with Global Net Lease, Inc., after which CEO and President Aaron Scott Halfacre’s Modiv equity interests were restructured. Directly held 137,830.2425 shares of Class C common stock and trust-held partnership units were converted into rights to receive GNL securities under a fixed 1.975-for-1 exchange structure. Class X Units in Modiv Operating Partnership vested and converted into Class C Units, which then converted into GNL Operating Partnership OP Units, leaving no remaining Modiv Class X holdings and no directly held Modiv Class C common stock.
MODIV INDUSTRIAL, INC. CEO and President Aaron Scott Halfacre reported buying a total of 3,585.74 shares of Class C common stock in open-market transactions. The purchases on June 30 were made at prices of $17.55 and $17.21 per share, increasing his direct ownership stake.
MODIV INDUSTRIAL, INC. CEO and President Aaron Scott Halfacre bought additional shares of the company’s Class C common stock in the open market. On June 26, 2026, he purchased 1,000 shares at $17.45 per share and 4,766.25 shares at $17.50 per share, bringing his reported direct holdings to 134,244.5025 shares.
MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras reported an exempt dividend reinvestment transaction on shares of Class C common stock. He reported 29.9615 shares involved at a reference price of $18.17 per share, with his direct holdings shown as 12,938.1256 shares following the transaction. The filing notes these shares were acquired through dividend reinvestment transactions that are exempt from Section 16 under Rule 16a-11 and are being reported voluntarily, indicating a routine, non-open-market adjustment to his ownership stake.
MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras reported two small, code J “other” transactions involving personal holdings. One entry covers 34.5583 shares of Common Stock, Class C at $15.65 per share, leaving 12,908.1641 common shares held directly. The second covers 43.05 shares of Series A Cumulative Redeemable Perpetual Preferred Stock at $24.97 per share, leaving 2,292.3994 preferred shares held directly. Both are characterized as restructuring-type adjustments rather than clear open-market buys or sells.
SMITH KIMBERLY J reported acquisition or exercise transactions in this Form 4 filing.
MODIV INDUSTRIAL, INC. director Kimberly J. Smith received a grant of 1,047.486 shares of Class C common stock at $14.32 per share. This compensation-related award increased her directly held stake to 18,367.8963 shares, representing a routine, non-derivative equity grant rather than an open-market purchase or sale.
MODIV INDUSTRIAL, INC. director Thomas H. Nolan Jr. received a grant of 1,047.4860 shares of COMMON STOCK, CLASS C on this Form 4 event. The award was recorded at $14.3200 per share as a grant, award, or other acquisition, increasing his direct holdings to 30,116.5774 shares.
MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras received a grant of 1,047.4860 shares of Common Stock, Class C on March 31, 2026. This compensation-related award increased his direct holdings to 12,873.6058 shares, and was reported as a non-derivative acquisition rather than an open-market purchase.
MODIV INDUSTRIAL, INC. director Connie Tirondola reported receiving a grant of 1,047.486 shares of Class C common stock. The award was recorded at a price of $14.32 per share and is classified as a grant or other acquisition, not an open-market purchase or sale. Following this compensation-related transaction, Tirondola directly holds a total of 15,174.479 shares of the company’s common stock.
MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras reported an automatic dividend reinvestment transaction in Class C common stock. On March 13, 2026, 36.763 shares were acquired through a dividend reinvestment program, a routine, non-open-market event. Following this transaction, his directly held position is 11,826.1198 shares.
Halfacre Aaron Scott reported multiple insider transaction types in a Form 4 filing for MDV. The filing lists transactions totaling 896 shares at a weighted average price of $14.24 per share. Following the reported transactions, holdings were 128,478 shares.
Gingras Christopher Raymond reported multiple insider transaction types in a Form 4 filing for MDV. The filing lists transactions totaling 80 shares at a weighted average price of $14.59 per share. Following the reported transactions, holdings were 11,754 shares.
SMITH KIMBERLY J reported multiple insider transaction types in a Form 4 filing for MDV. The filing lists transactions totaling 121 shares at a weighted average price of $14.24 per share. Following the reported transactions, holdings were 17,320 shares.
Modiv Industrial, Inc. director Christopher R. Gingras increased his holdings through dividend reinvestment. On 01/15/2026 he acquired 45.0302 shares of Class C common stock at $13.70 per share and 34.8242 shares at $14.84 per share through transactions coded "J." These were dividend reinvestment transactions that are exempt from Section 16 under Rule 16a-11 and are being reported voluntarily. Following the second transaction, he directly owned a total of 11,709.1389 shares of Class C common stock.
Modiv Industrial, Inc. CEO and President Aaron Scott Halfacre reported a small increase in his holdings through dividend reinvestment. On January 15, 2026, he acquired 901.5951 shares of Common Stock, Class C at a price of $13.70 per share in a transaction coded "J." The filing notes these shares were acquired through dividend reinvestment transactions exempt from Section 16 under Rule 16a-11 and are being reported voluntarily on this Form 4.
Following this transaction, Halfacre beneficially owned 127,582.3813 shares of Modiv Industrial common stock in direct ownership form.
Modiv Industrial, Inc. director Kimberly J. Smith reported a small automatic share acquisition through the company’s dividend reinvestment plan. On 01/15/2026, Smith acquired 121.5455 shares of COMMON STOCK, CLASS C at a price of $13.70 per share, increasing her directly held position to 17,199.6364 shares.
The filing notes that these shares were acquired in dividend reinvestment transactions that are exempt from Section 16 under Rule 16a-11 and are being reported voluntarily on this Form 4. The transaction is reported as direct ownership, indicating the shares are held in Smith’s own name rather than through an intermediary entity.
Modiv Industrial, Inc. director Connie Tirondola reported an acquisition of company stock. On 12/31/2025, the reporting person acquired 1,042.3906 shares of Class C common stock at a price of $14.39 per share. After this transaction, the reporting person beneficially owned 14,126.993 shares of Modiv Industrial Class C common stock, held directly. The filing reflects a change in insider ownership rather than any change to the company’s operations or financial results.
Modiv Industrial, Inc. director Kimberly J. Smith reported acquiring additional shares of the company’s Class C common stock. On 12/31/2025, she acquired 1,042.3906 shares at a price of $14.39 per share. Following this transaction, she beneficially owned a total of 17,078.0909 shares of Modiv Industrial common stock in direct ownership. No derivative securities were reported in this filing.
Modiv Industrial, Inc. director Christopher R. Gingras reported a purchase of Class C common stock. On 12/31/2025, he acquired 1,042.3906 shares at a price of $14.39 per share. Following this transaction, he beneficially owned 11,629.2845 shares of Modiv Industrial Class C common stock in direct ownership. The report reflects an update to his personal equity stake in the company rather than a corporate-level financing or strategic transaction.
Modiv Industrial, Inc. director Thomas H. Nolan, Jr. reported acquiring additional shares of the company’s Class C common stock. On 12/31/2025, he acquired 1,042.3906 shares at a price of $14.39 per share. Following this transaction, he beneficially owned 29,069.0914 shares held directly.
Modiv Industrial, Inc. insider Aaron Scott Halfacre, the company's CEO, President and a director, reported acquiring 881.5662 shares of Common Stock, Class C on 12/15/2025 at $13.91 per share through a dividend reinvestment transaction.
After this automatic reinvestment, he directly beneficially owns 126,680.7862 shares. The disclosure notes these dividend reinvestment transactions are exempt from Section 16 under Rule 16a-11 and are being reported voluntarily.
Modiv Industrial, Inc. director Kimberly J. Smith reported acquiring 111.5917 shares of Class C common stock on 12/15/2025 through dividend reinvestment. The shares were credited at a price of $13.91 per share under a dividend reinvestment transaction that is exempt from Section 16 under Rule 16a-11 and is being reported voluntarily.
After this transaction, Smith directly beneficially owned 16,035.7003 shares of Modiv Industrial common stock. No derivative securities were reported in the filing.
Modiv Industrial, Inc. reported that one of its directors acquired additional shares of its Class C common stock through dividend reinvestment transactions dated December 15, 2025.
The Form 4 lists two dividend reinvestment acquisitions of 36.7765 and 34.4863 Class C common shares at prices of $13.91 and $14.89, respectively. After these transactions, the director beneficially owned 10,586.8939 Class C common shares held directly. The filing notes that these dividend reinvestment transactions are exempt from Section 16 under Rule 16a-11 and are being reported on a voluntary basis.
Modiv Industrial, Inc. (MDV) reported an insider share acquisition by its CEO and President, who is also a director. On 11/14/2025, the reporting person acquired 880.4331 shares of Class C common stock in a dividend reinvestment transaction, identified with transaction code J and noted as exempt from Section 16 under Rule 16a-11. The shares were acquired at a price of $13.83 per share. Following this transaction, the insider directly beneficially owns 125,799.22 shares of Modiv Industrial common stock.
Modiv Industrial, Inc. director reports dividend reinvestment share acquisition
A director of Modiv Industrial, Inc. (MDV) reported acquiring additional Class C common stock through a dividend reinvestment transaction. On 11/14/2025, the reporting person acquired 111.448 shares of common stock at a price of $13.83 per share. Following this voluntary reported transaction, the director beneficially owns a total of 15,924.1086 shares of Modiv Industrial Class C common stock in direct ownership. The filing indicates the transaction code "J" and notes that the shares were acquired in dividend reinvestment transactions exempt from Section 16 pursuant to Rule 16a-11.
MODIV Industrial, Inc. (MDV) director Christopher R. Gingras reported small purchases of Class C common stock through dividend reinvestment. On 11/14/2025, 36.7286 shares were acquired at $13.83 per share and 35.5491 shares were acquired at $14.35 per share, both coded as transaction type J. After these dividend reinvestment transactions, Gingras beneficially owned 10,515.6311 shares of Class C common stock in direct ownership. The activity is noted as dividend reinvestment under Rule 16a-11.
Modiv Industrial (MDV) CEO and President Aaron Scott Halfacre, who also serves as a Director, reported acquiring 889.9567 shares of Class C common stock on 10/15/2025 at $13.59 per share. The filing states the shares were acquired through dividend reinvestment pursuant to Rule 16a-11 and are reported voluntarily.
After this transaction, Halfacre beneficially owns 124,918.7869 shares directly.
Modiv Industrial (MDV) reported an insider transaction by a director on 10/15/2025. The filing shows an acquisition of 112.6538 shares of Common Stock, Class C at a price of $13.59 per share, reported with transaction code J.
The footnote states the shares were acquired through dividend reinvestment transactions exempt from Section 16 under Rule 16a-11 and reported voluntarily. Following the transaction, the director beneficially owned 15,812.6606 shares, held directly.
Modiv Industrial, Inc. (MDV) filed a Form 4 reporting director transactions. On 10/15/2025, the reporting person acquired shares via dividend reinvestment transactions exempt under Rule 16a-11.
Acquisitions included: Class C common stock 34.7895 shares at $14.57, with 10,406.2275 shares beneficially owned following the transaction; Class C common stock 37.1259 shares at $13.59, with 10,443.3534 shares beneficially owned following the transaction; and Series A Cumulative Redeemable Perpetual Preferred Stock 40.6764 shares at $25.49, with 2,249.3494 shares beneficially owned following the transaction. Ownership is reported as direct.
Kimberly J. Smith, a director of Modiv Industrial, Inc. (MDV), reported purchasing 1,024.5902 shares of Class C common stock on 09/30/2025 at $14.64 per share. After the transaction she beneficially owned 15,700.0068 shares. The Form 4 was signed by John Raney by power of attorney on 10/01/2025.
Aaron Scott Halfacre, CEO and President and a director of Modiv Industrial, acquired 847.8764 shares of Class C common stock via dividend reinvestment at $14.16 per share, increasing his beneficial ownership to 124,028.8302 shares. The transaction is reported under code J(1) and the filing notes the shares were acquired through dividend reinvestment transactions exempt from Section 16 under Rule 16a-11 and are being reported voluntarily on this Form 4. The form indicates the report was filed by one reporting person and signed by power of attorney for the reporting person.
Christopher R. Gingras, a director of Modiv Industrial, Inc. (MDV), reported dividend reinvestment purchases of Class C common stock on 09/15/2025. The filing shows two Code J(1) transactions: 28.3665 shares acquired at $14.16 and 33.8374 shares acquired at $14.88. The report lists beneficial ownership of 9,346.8478 Class C shares following the later transaction. The Form 4 notes these shares were acquired through dividend reinvestment arrangements exempt under Rule 16a-11 and were reported voluntarily. The Form was executed by power of attorney and dated 09/18/2025.
Kimberly J. Smith, a director of Modiv Industrial, Inc. (MDV), reported acquiring 100.3229 shares of Class C common stock on 09/15/2025 at a price of $14.16 per share through a dividend reinvestment program. After the transaction she beneficially owned 14,675.4166 shares. The Form 4 notes these shares were acquired in dividend reinvestment transactions exempt from Section 16 under Rule 16a-11 and are being reported voluntarily. The filing was signed by an attorney-in-fact on 09/18/2025.