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Plymouth Industrial REIT Board Member Boosts Stake to 43,270 Shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Plymouth Industrial REIT director Richard J. DeAgazio received a grant of 6,269 shares of restricted stock on June 20, 2025. Following this transaction, DeAgazio's direct ownership increased to 43,270 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 by Anne A. Hayward as attorney-in-fact for DeAgazio on June 23, 2025, within the required reporting timeline. This equity award appears to be part of the company's regular director compensation program.

Positive

  • None.

Negative

  • None.
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*
DeAgazio Richard J

(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 43,270 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 Richard J. DeAgazio 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 shares of PLYM stock did Richard DeAgazio acquire on June 20, 2025?

Richard DeAgazio acquired 6,269 shares of PLYM common stock on June 20, 2025 as a restricted stock grant under the company's Third Amended and Restated 2014 Incentive Award Plan.

What is the vesting schedule for PLYM's restricted stock grant to DeAgazio?

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 shares of PLYM does Richard DeAgazio own after this transaction?

Following the reported transaction, Richard DeAgazio beneficially owns 43,270 shares of PLYM common stock directly.

What is Richard DeAgazio's role at PLYM?

According to the Form 4 filing, Richard DeAgazio serves as a Director of Plymouth Industrial REIT, Inc.

What was the purchase price of PLYM shares in DeAgazio's June 2025 acquisition?

The shares were granted at $0 cost to Richard DeAgazio as part of the company's equity compensation plan, specifically as restricted stock under the Third Amended and Restated 2014 Incentive Award Plan.
Plymouth Industr

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979.23M
43.57M
REIT - Industrial
Real Estate Investment Trusts
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United States
BOSTON