Plymouth Industrial REIT Strengthens Board Alignment with New Stock Grant

Rhea-AI Filing Summary

Plymouth Industrial REIT director David Gaw received a grant of 6,269 shares of restricted stock on June 20, 2025. Following this transaction, Gaw's direct ownership increased to 30,751 shares.

Key details of the restricted stock grant:

• Granted under the Third Amended and Restated 2014 Incentive Award Plan
• Vesting occurs at the earlier of: - First anniversary of grant date - Date of next annual stockholder meeting
• Acquisition price: $0

The Form 4 was filed on June 23, 2025, within the required reporting timeline, and was signed by Anne A. Hayward as attorney-in-fact for David Gaw.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GAW DAVID

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,269	$0.00	--

Holdings After Transaction: Common Stock — 30,751 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/23/2025 - 05:22 PM Learn about SEC filing dates

FAQ

How many shares of PLYM stock did Director David Gaw acquire on June 20, 2025?

Director David Gaw acquired 6,269 shares of restricted stock of Plymouth Industrial REIT (PLYM) on June 20, 2025.

What is the vesting schedule for PLYM Director David Gaw's restricted stock grant?

The restricted stock grant vests on the earlier of: (i) the first anniversary of the grant date (June 20, 2026) or (ii) the date of the annual meeting of stockholders immediately following the grant date.

How many PLYM shares does David Gaw own after the June 20, 2025 stock grant?

Following the restricted stock grant, David Gaw beneficially owns 30,751 shares of PLYM stock directly.

What was the purchase price of PLYM restricted stock granted to David Gaw?

The restricted stock was granted at $0 cost to David Gaw as part of Plymouth Industrial REIT's Third Amended and Restated 2014 Incentive Award Plan.

When did PLYM Director David Gaw file this Form 4?

The Form 4 was filed on June 23, 2025, three days after the transaction date of June 20, 2025, meeting the SEC's requirement for timely filing of insider transactions.

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^*

GAW DAVID

(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	30,751	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

	/s/ Anne A. Hayward, as attorney-in-fact for David Gaw	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.