Anthony Saladino - 18 Dec 2025 Form 4 Insider Report for Plymouth Industrial REIT, Inc. (PLYM)

Signature
/s/ Anthony Saladino
Issuer symbol
PLYM
Transactions as of
18 Dec 2025
Net transactions value
-$1,939,638
Form type
4
Filing time
22 Dec 2025, 16:02:22 UTC
Previous filing
28 Apr 2025
Next filing
28 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Saladino Anthony President and CFO 20 CUSTOM HOUSE STREET, 11TH FLOOR, BOSTON /s/ Anthony Saladino 22 Dec 2025 0001921583

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLYM Common Stock Options Exercise $0 +11,609 +14% $0.000000 96,755 18 Dec 2025 Direct
transaction PLYM Common Stock Options Exercise $0 +20,793 +21% $0.000000 117,548 18 Dec 2025 Direct
transaction PLYM Common Stock Options Exercise $0 +98,496 +84% $0.000000 216,044 18 Dec 2025 Direct F1
transaction PLYM Common Stock Sale $1,939,638 -88,730 -41% $21.86 127,314 19 Dec 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PLYM Performance Stock Units Options Exercise $0 -11,609 -14% $0.000000 70,041 18 Dec 2025 Common Stock 11,609 Direct F3, F4
transaction PLYM Performance Stock Units Options Exercise $0 -20,793 -30% $0.000000 49,248 18 Dec 2025 Common Stock 20,793 Direct F3, F5
transaction PLYM Performance Stock Units Options Exercise $0 -49,248 -100% $0.000000 0 18 Dec 2025 Common Stock 49,248 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount reported herein reflects 200% of target level for the performance stock units ("PSUs") granted on April 24, 2025 based on (i) anticipated performance determined as of the anticipated effective time of the proposed merger of the Issuer with and into PIR Industrial REIT LLC pursuant to that certain Agreement and Plan of Merger by and between the Issuer, Plymouth Industrial OP, LP, PIR Ventures LP, PIR Industrial REIT LLC, and PIR Industrial OP LLC (the "Merger Agreement") and (ii) and as if such PSUs remained outstanding and eligible to vest as of such effective time.
F2 Reflects the number of shares sold by the Reporting Person pursuant to a "sell-to-cover" transaction to satisfy the tax withholding obligations in connection with the accelerating vesting of outstanding restricted stock awards and the accelerating vesting and settlement of outstanding PSUs pursuant to that certain Acceleration and Repayment Agreement, dated December 5, 2025, by and between the Issuer and the Reporting Person (the "Acceleration and Repayment Agreement"). These sales do not represent discretionary trades by the Reporting Person.
F3 Each PSU represents a contingent right to receive one share of the Issuer's common stock.
F4 On June 15, 2023, the Reporting Person was granted a target amount of 11,609 PSUs, which were eligible to be earned by the Reporting Person based on metrics in respect of the Issuer's stockholder return, as set forth in the applicable award agreement by and between the Issuer and the Reporting Person, over a three-year period ending at the end of fiscal year 2025. In connection with the execution by the Issuer of the Acceleration and Repayment Agreement, the vesting of such awards was accelerated to mitigate the potential impact of Sections 280G and Section 4999 of the Internal Revenue Code of 1986, as amended (the "Code") on the Issuer and the Reporting Person in connection with the transactions contemplated by the Merger Agreement, with such acceleration to be effective on or before December 30, 2025, but no earlier than December 17, 2025.
F5 On April 15, 2024, the Reporting Person was granted a target amount of 20,793 PSUs, which were eligible to be earned by the Reporting Person based on metrics in respect of the Issuer's stockholder return, as set forth in the applicable award agreement by and between the Issuer and the Reporting Person, over a three-year period ending at the end of fiscal year 2026. In connection with the execution by the Issuer of the Acceleration and Repayment Agreement, the vesting of such awards was accelerated to mitigate the potential impact of Sections 280G and Section 4999 of the Code on the Issuer and the Reporting Person in connection with the transactions contemplated by the Merger Agreement, with such acceleration to be effective on or before December 30, 2025, but no earlier than December 17, 2025.
F6 On April 24, 2025, the Reporting Person was granted a target amount of 49,248 PSUs, which were eligible to be earned by the Reporting Person based on metrics in respect of the Issuer's stockholder return, as set forth in the applicable award agreement by and between the Issuer and the Reporting Person, over a three-year period ending at the end of fiscal year 2027. In connection with the execution by the Issuer of Acceleration and Repayment Agreement, the vesting of such awards was accelerated to mitigate the potential impact of Sections 280G and Section 4999 of the Code on the Issuer and the Reporting Person in connection with the transactions contemplated by the Merger Agreement, with such acceleration to be effective on or before December 30, 2025, but no earlier than December 17, 2025.