Plymouth Industrial REIT Insider Adds 6.3K Shares in Equity Grant

Rhea-AI Filing Summary

Form 4 filing overview for Plymouth Industrial REIT, Inc. (PLYM)

Director Caitlin Murphy reported the acquisition of 6,269 shares of Plymouth Industrial REIT common stock on 06/20/2025. The transaction is coded “A,” indicating an award or grant at a price of $0 per share under the company’s Third Amended and Restated 2014 Incentive Award Plan. The restricted stock vests on the earlier of (i) one year from the grant date or (ii) the next annual shareholder meeting following the grant. After the grant, Murphy’s direct ownership increases to 15,489 shares. No derivative securities were reported.

The filing was signed by Anne A. Hayward as attorney-in-fact on 06/23/2025.

Insights

Securities Analyst

TL;DR: Routine director equity grant; no material impact on PLYM valuation.

The Form 4 discloses a standard restricted-stock grant to Director Caitlin Murphy. The 6,269-share award raises her holdings to 15,489 shares, aligning board incentives with shareholders. The absence of cash consideration and the small absolute share count relative to PLYM’s public float suggest the event is immaterial from a valuation standpoint. No insider sales or derivative exercises were reported, so there is no negative signal regarding insider sentiment. Overall, the filing is a compliance disclosure with neutral market impact.

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^*

Murphy Caitlin

(Last) (First) (Middle)

20 CUSTOM HOUSE STREET, 11TH FLOOR

(Street)

BOSTON MA 02110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Plymouth Industrial REIT, Inc. [ PLYM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 Stock	06/20/2025		A		6,269(1)	A	$0	15,489	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. Represents shares of restricted stock granted to the reporting person under the Plymouth Industrial REIT, Inc. Third Amended and Restated 2014 Incentive Award Plan, which vest on the earlier to occur of (i) the first anniversary of the grant date and (ii) the date of the annual meeting of stockholders immediately following the grant date.

Remarks:

Exhibit 24 - Power of Attorney

	Anne A. Hayward, as attorney-in-fact for Caitlin Murphy	06/23/2025
	** 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.

FAQ

How many PLYM shares did Director Caitlin Murphy acquire?

She received 6,269 restricted shares on 06/20/2025.

What is the vesting schedule for the new PLYM restricted stock grant?

The shares vest on the earlier of one year from grant or the next annual shareholder meeting.

What is Caitlin Murphy’s total direct ownership in PLYM after this transaction?

Her direct holdings increased to 15,489 shares.

Did the Form 4 report any insider sales of PLYM stock?

No. The filing only reports an acquisition of restricted stock; no sales were disclosed.

Was cash paid for the PLYM shares acquired?

No. The restricted shares were granted at $0 per share under the company’s incentive plan.