Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-08-12

Modiv Industrial (MDV)

CEO Aaron Halfacre was paid $386,600 in fiscal year 2024, ↑ up 4.3% from fiscal year 2023 (SEC filing 0001140361-25-016451 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$421,600
Raymond Pacini total, FY2024
Executive Vice President Chief Financial Officer Secretary and Treasurer — highest-paid officer; CEO Aaron Halfacre: $386,600
—
CEO (Aaron Halfacre) pay percentile vs peers
1:1
CEO-to-median pay ratio
89.3%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Aaron Halfacre (Chief Executive Officer and President), FY2024 total compensation $386,600 (base salary $250,000) [exec_comp, SEC accession 0001140361-25-016451, filed 2025-04-30]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Raymond Pacini$285,000$115,000$0$0$0$0$21,600$421,600
Executive Vice President Chief Financial Officer Secretary and Treasurer
John Raney285,000115,000000021,600421,600
Chief Financial Officer, Chief Operating Officer, General Counsel, Secretary
Aaron Halfacre250,000115,000000021,600386,600
Chief Executive Officer and President

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Raymond Pacini$421,600$545,700$494,050↓ −124,100
John Raney421,600———
Aaron Halfacre386,600370,700265,750↑ +15,900

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against MDV
No companies currently name MDV as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2024 total
Aaron HalfacreCEO$386,600
Raymond PaciniCFO$421,600
John RaneyCOO$421,600
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2024 total
Adam S. MarkmanIndependent Director$100,000
Christopher R. GingrasIndependent Director$30,000
Connie TirondolaIndependent Director$90,000
Curtis B. McWilliamsIndependent Director$77,500
Kimberly SmithIndependent Director$95,000
Thomas H. Nolan, Jr.Chair of the Board$100,000
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Aaron Scott HalfacreDirector2025-05-08A1,750$14$25,358CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-05-08A250143,600CommonForm 4 ↗
Christopher R. GingrasDirector2025-05-14A1,0001514,590CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-05-14A671149,575CommonForm 4 ↗
Kimberly SmithDirector2025-05-15A92.14141,275CommonForm 4 ↗
Christopher R. GingrasDirector2025-05-15A24.0915355CommonForm 4 ↗
Christopher R. GingrasDirector2025-05-15A20.7614287CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-05-15A796.231411,060CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-06-03A3,1211444,006CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-06-13A4314606CommonForm 4 ↗
Kimberly SmithDirector2025-06-16A93.68141,284CommonForm 4 ↗
Christopher R. GingrasDirector2025-06-16A30.8415455CommonForm 4 ↗
Christopher R. GingrasDirector2025-06-16A21.1114289CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-06-16A828.411411,399CommonForm 4 ↗
Christopher R. GingrasDirector2025-06-25A300144,275CommonForm 4 ↗
Christopher R. GingrasDirector2025-06-25A100141,420CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-06-26A129141,819CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-06-27A500147,050CommonForm 4 ↗
Thomas H. Nolan, Jr.Director2025-06-30A1,065.341415,000CommonForm 4 ↗
Kimberly SmithDirector2025-06-30A1,065.341415,000CommonForm 4 ↗
Christopher R. GingrasDirector2025-06-30A1,065.341415,000CommonForm 4 ↗
Connie TirondolaDirector2025-06-30A1,065.341415,000CommonForm 4 ↗
Kimberly SmithDirector2025-07-15A100.22141,397CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-07-15A847.011411,850CommonForm 4 ↗
Christopher R. GingrasDirector2025-07-15A41.53251,018CommonForm 4 ↗
Christopher R. GingrasDirector2025-07-15A33.6815497CommonForm 4 ↗
Christopher R. GingrasDirector2025-07-15A28.3414395CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-08-15A833.121411,930CommonForm 4 ↗
Christopher R. GingrasDirector2025-08-15A33.4115500CommonForm 4 ↗
Christopher R. GingrasDirector2025-08-15A27.8714398CommonForm 4 ↗
Kimberly SmithDirector2025-08-15A98.58141,407CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-09-15A847.881412,006CommonForm 4 ↗
Kimberly SmithDirector2025-09-15A100.32141,421CommonForm 4 ↗
Christopher R. GingrasDirector2025-09-15A33.8415504CommonForm 4 ↗
Christopher R. GingrasDirector2025-09-15A28.3714402CommonForm 4 ↗
Connie TirondolaDirector2025-09-30A1,024.591515,000CommonForm 4 ↗
Thomas H. Nolan, Jr.Director2025-09-30A1,024.591515,000CommonForm 4 ↗
Christopher R. GingrasDirector2025-09-30A1,024.591515,000CommonForm 4 ↗
Kimberly SmithDirector2025-09-30A1,024.591515,000CommonForm 4 ↗
Kimberly SmithDirector2025-10-15A112.65141,531CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-10-15A889.961412,095CommonForm 4 ↗
Christopher R. GingrasDirector2025-10-15A40.68251,037CommonForm 4 ↗
Christopher R. GingrasDirector2025-10-15A37.1314505CommonForm 4 ↗
Christopher R. GingrasDirector2025-10-15A34.7915507CommonForm 4 ↗
Christopher R. GingrasDirector2025-11-14A35.5514510CommonForm 4 ↗
Christopher R. GingrasDirector2025-11-14A36.7314508CommonForm 4 ↗
Kimberly SmithDirector2025-11-14A111.45141,541CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-11-14A880.431412,176CommonForm 4 ↗
Christopher R. GingrasDirector2025-12-15A34.4915514CommonForm 4 ↗
Christopher R. GingrasDirector2025-12-15A36.7814512CommonForm 4 ↗
Kimberly SmithDirector2025-12-15A111.59141,552CommonForm 4 ↗
Aaron Scott HalfacreDirector2025-12-15A881.571412,263CommonForm 4 ↗
Thomas H. Nolan, Jr.Director2025-12-31A1,042.391415,000CommonForm 4 ↗
Christopher R. GingrasDirector2025-12-31A1,042.391415,000CommonForm 4 ↗
Kimberly SmithDirector2025-12-31A1,042.391415,000CommonForm 4 ↗
Connie TirondolaDirector2025-12-31A1,042.391415,000CommonForm 4 ↗
Kimberly SmithDirector2026-01-15A121.55141,665CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-01-15A901.61412,352CommonForm 4 ↗
Christopher R. GingrasDirector2026-01-15A34.8215517CommonForm 4 ↗
Christopher R. GingrasDirector2026-01-15A45.0314617CommonForm 4 ↗
Kimberly SmithDirector2026-02-13A120.77141,720CommonForm 4 ↗
Christopher R. GingrasDirector2026-02-13A35.4715534CommonForm 4 ↗
Christopher R. GingrasDirector2026-02-13A44.7514637CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-02-13A895.871412,757CommonForm 4 ↗
Christopher R. GingrasDirector2026-03-13A36.7615537CommonForm 4 ↗
Connie TirondolaDirector2026-03-31A1,047.491415,000CommonForm 4 ↗
Christopher R. GingrasDirector2026-03-31A1,047.491415,000CommonForm 4 ↗
Thomas H. Nolan, Jr.Director2026-03-31A1,047.491415,000CommonForm 4 ↗
Kimberly SmithDirector2026-03-31A1,047.491415,000CommonForm 4 ↗
Christopher R. GingrasDirector2026-04-15A43.05251,075CommonForm 4 ↗
Christopher R. GingrasDirector2026-04-15A34.5616541CommonForm 4 ↗
Christopher R. GingrasDirector2026-05-15A29.9618544CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-06-26A1,0001717,450CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-06-26A4,766.251883,409CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-06-30A1,3331823,394CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-06-30A2,252.741738,770CommonForm 4 ↗
Sara R. GrishamChief Accounting Officer2026-08-12D40,00000Derivative, Class A CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-08-12D1,000,00000Derivative, Class A CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-08-12A546,542.500Derivative, Class A CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-08-12D546,542.500Derivative, Class A CommonForm 4 ↗
Aaron Scott HalfacreDirector2026-08-12D137,830.24——CommonForm 4 ↗
John RaneyCFO, GC and Secretary2026-08-12D225,832.500Derivative, Class A CommonForm 4 ↗
John RaneyCFO, GC and Secretary2026-08-12A162,50000Derivative, Class A CommonForm 4 ↗
John RaneyCFO, GC and Secretary2026-08-12D4002510,086CommonForm 4 ↗
Raymond PaciniExecutive Vice President2026-08-12A65,00000Derivative, Class A CommonForm 4 ↗
Raymond PaciniExecutive Vice President2026-08-12D65,00000Derivative, Class A CommonForm 4 ↗
Sara R. GrishamChief Accounting Officer2026-08-12D40,00000Derivative, Class A CommonForm 4 ↗
Connie TirondolaDirector2026-08-12D15,174.48——CommonForm 4 ↗
Christopher R. GingrasDirector2026-08-12D2,292.42557,803CommonForm 4 ↗
Christopher R. GingrasDirector2026-08-12D12,938.13——CommonForm 4 ↗
Raymond PaciniExecutive Vice President2026-08-12D115,580.5——CommonForm 4 ↗
Thomas H. Nolan, Jr.Director2026-08-12D394259,935CommonForm 4 ↗
John RaneyCFO, GC and Secretary2026-08-12D2,183——CommonForm 4 ↗
Thomas H. Nolan, Jr.Director2026-08-12D30,116.58——CommonForm 4 ↗
John RaneyCFO, GC and Secretary2026-08-12D162,50000Derivative, Class A CommonForm 4 ↗
Raymond PaciniExecutive Vice President2026-08-12D65,00000Derivative, Class A CommonForm 4 ↗
Sara R. GrishamChief Accounting Officer2026-08-12A40,00000Derivative, Class A CommonForm 4 ↗
Kimberly SmithDirector2026-08-12D18,367.9——CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Aaron HalfacreRSU1,645,873—$29,049,658
05

Incentive-plan design — the Compensation Discussion & Analysis

The Chief Executive Officer's base salary was set below the 25th percentile of the peer group and he waived any cash bonuses for 2021 through 2023 in order to align with stockholders by agreeing that all of his incentive compensation would be in the form of equity awards during those years.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFPL Associates, L.P.
Clawback policy—
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-07-234,379,730524,744398,75889.3%Passed
20242024-12-113,753,925444,975332,76789.4%Passed
20232023-07-253,070,534844,203492,25278.44%Passed
20222022-08-232,611,453828,041443,73275.93%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-07-2389.3%a
20242024-12-1189.4%b
20232023-07-2578.44%c

a. Approved under the standard stated in the filing — “Abstentions will have no effect on the determination of this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have no effect on the determination of this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will have no effect on the determination of this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)1 : 1
CEO total compensation$386,600
Median employee compensation—
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas H. Nolan, Jr.Independent · Board Chair · Audit (Chair) · Compensation · Nominating/Governance$40,000$60,000$0$0—$100,000
Adam S. MarkmanIndependent · Not standing for re-election52,50047,500—00100,000
Kimberly SmithIndependent · Compensation (Chair) · Nominating/Governance (Chair)40,00055,000—0095,000
Connie TirondolaIndependent · Audit · Nominating/Governance50,00040,000—0090,000
Curtis B. McWilliamsIndependent · Not standing for re-election30,00047,500—0077,500
Christopher R. GingrasIndependent · Audit · Compensation · Newly elected—30,000—0—30,000
Aaron S. HalfacreNot independent · Real Estate000000
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$212,500
Equity awards (grant-date value)$280,000
All other compensation$0
Total cost of the board$492,500

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Modiv Industrial2024Aaron Halfacre$250,000$0$0$0$386,600

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Modiv Industrial in fiscal 2024?
As disclosed, Raymond Pacini (Executive Vice President Chief Financial Officer Secretary and Treasurer) was the highest-paid executive at Modiv Industrial in fiscal 2024, with total compensation of $421,600.
What is Modiv Industrial's CEO-to-median employee pay ratio?
As disclosed, Modiv Industrial's CEO-to-median employee pay ratio was 1:1.
How did shareholders vote on Modiv Industrial's executive compensation?
As disclosed, 89.3% of shareholders supported Modiv Industrial's executive compensation in the latest say-on-pay vote.
How much does Modiv Industrial spend in total on board compensation for fiscal 2024?
As disclosed, Modiv Industrial reported total board compensation of $492,500 for fiscal 2024.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Raymond PaciniDEF 14A2025-04-300001140361-25-016451Section “Summary Compensation Table”. As printed: 421,600. Filing ↗machine: r5 · c21 · span 218498–218505
2Section 01, John RaneyDEF 14A2025-04-300001140361-25-016451Section “Summary Compensation Table”. As printed: 421,600. Filing ↗machine: r8 · c21 · span 229546–229553
3Section 01, Aaron HalfacreDEF 14A2025-04-300001140361-25-016451Section “Summary Compensation Table”. As printed: 386,600. Filing ↗machine: r2 · c21 · span 206789–206796
4Section 07, pay ratioDEF 14A2025-04-300001140361-25-016451Section “CEO Pay Ratio”. As printed: 1 : 1. Filing ↗
5Section 08, Thomas H. Nolan, Jr.DEF 14A2025-04-300001140361-25-016451Section “Director Compensation”. As printed: 100,000. Filing ↗machine: t102 · r5 · c12 · span 426114–426294
6Section 08, Adam S. MarkmanDEF 14A2025-04-300001140361-25-016451Section “Director Compensation”. As printed: 100,000. Filing ↗machine: t102 · r3 · c12 · span 421306–421486
7Section 08, Kimberly SmithDEF 14A2025-04-300001140361-25-016451Section “Director Compensation”. As printed: 95,000. Filing ↗machine: t102 · r6 · c12 · span 428661–428880
8Section 08, Connie TirondolaDEF 14A2025-04-300001140361-25-016451Section “Director Compensation”. As printed: 90,000. Filing ↗machine: t102 · r7 · c12 · span 430778–430996
9Section 08, Curtis B. McWilliamsDEF 14A2025-04-300001140361-25-016451Section “Director Compensation”. As printed: 77,500. Filing ↗machine: t102 · r4 · c12 · span 423873–424092
10Section 08, Christopher R. GingrasDEF 14A2025-04-300001140361-25-016451Section “Director Compensation”. As printed: 30,000. Filing ↗machine: t102 · r2 · c6 · span 419056–419275
11Section 08, Aaron S. HalfacreDEF 14A2025-04-300001140361-25-016451Section “Director Compensation”. As printed: 0. Filing ↗
12Section 02, Aaron Scott Halfacre 2025-05-08Form 42025-05-080001645873-25-000083Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, Aaron Scott Halfacre 2025-05-08Form 42025-05-080001645873-25-000083Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Christopher R. Gingras 2025-05-14Form 42025-05-140001645873-25-000086Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Aaron Scott Halfacre 2025-05-14Form 42025-05-140001645873-25-000087Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Kimberly Smith 2025-05-15Form 42025-05-160001645873-25-000090Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Christopher R. Gingras 2025-05-15Form 42025-05-160001645873-25-000091Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Christopher R. Gingras 2025-05-15Form 42025-05-160001645873-25-000091Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Aaron Scott Halfacre 2025-05-15Form 42025-05-160001645873-25-000093Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Aaron Scott Halfacre 2025-06-03Form 42025-06-030001645873-25-000098Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Aaron Scott Halfacre 2025-06-13Form 42025-06-160001645873-25-000105Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Kimberly Smith 2025-06-16Form 42025-06-160001645873-25-000104Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Christopher R. Gingras 2025-06-16Form 42025-06-160001645873-25-000103Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Christopher R. Gingras 2025-06-16Form 42025-06-160001645873-25-000103Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Aaron Scott Halfacre 2025-06-16Form 42025-06-170001645873-25-000108Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Christopher R. Gingras 2025-06-25Form 42025-06-250001645873-25-000111Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Christopher R. Gingras 2025-06-25Form 42025-06-250001645873-25-000111Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Aaron Scott Halfacre 2025-06-26Form 42025-06-260001645873-25-000113Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Aaron Scott Halfacre 2025-06-27Form 42025-06-270001645873-25-000115Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Thomas H. Nolan, Jr. 2025-06-30Form 42025-07-020001645873-25-000120Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Kimberly Smith 2025-06-30Form 42025-07-020001645873-25-000121Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Christopher R. Gingras 2025-06-30Form 42025-07-020001645873-25-000122Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Connie Tirondola 2025-06-30Form 42025-07-020001645873-25-000123Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Kimberly Smith 2025-07-15Form 42025-07-160001645873-25-000126Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Aaron Scott Halfacre 2025-07-15Form 42025-07-170001645873-25-000129Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Christopher R. Gingras 2025-07-15Form 42025-07-160001645873-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Christopher R. Gingras 2025-07-15Form 42025-07-160001645873-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Christopher R. Gingras 2025-07-15Form 42025-07-160001645873-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Aaron Scott Halfacre 2025-08-15Form 42025-08-150001645873-25-000149Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Christopher R. Gingras 2025-08-15Form 42025-08-150001645873-25-000147Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Christopher R. Gingras 2025-08-15Form 42025-08-150001645873-25-000147Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Kimberly Smith 2025-08-15Form 42025-08-150001645873-25-000152Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Aaron Scott Halfacre 2025-09-15Form 42025-09-180001645873-25-000163Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Kimberly Smith 2025-09-15Form 42025-09-180001645873-25-000161Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Christopher R. Gingras 2025-09-15Form 42025-09-180001645873-25-000162Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Christopher R. Gingras 2025-09-15Form 42025-09-180001645873-25-000162Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Connie Tirondola 2025-09-30Form 42025-10-010001645873-25-000172Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Thomas H. Nolan, Jr. 2025-09-30Form 42025-10-010001645873-25-000173Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Christopher R. Gingras 2025-09-30Form 42025-10-010001645873-25-000168Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Kimberly Smith 2025-09-30Form 42025-10-010001645873-25-000174Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Kimberly Smith 2025-10-15Form 42025-10-150001645873-25-000178Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Aaron Scott Halfacre 2025-10-15Form 42025-10-160001645873-25-000181Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Christopher R. Gingras 2025-10-15Form 42025-10-150001645873-25-000177Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Christopher R. Gingras 2025-10-15Form 42025-10-150001645873-25-000177Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Christopher R. Gingras 2025-10-15Form 42025-10-150001645873-25-000177Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Christopher R. Gingras 2025-11-14Form 42025-11-170001645873-25-000200Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Christopher R. Gingras 2025-11-14Form 42025-11-170001645873-25-000200Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Kimberly Smith 2025-11-14Form 42025-11-170001645873-25-000201Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Aaron Scott Halfacre 2025-11-14Form 42025-11-170001645873-25-000203Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Christopher R. Gingras 2025-12-15Form 42025-12-150001645873-25-000208Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Christopher R. Gingras 2025-12-15Form 42025-12-150001645873-25-000208Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Kimberly Smith 2025-12-15Form 42025-12-150001645873-25-000209Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Aaron Scott Halfacre 2025-12-15Form 42025-12-160001645873-25-000211Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Thomas H. Nolan, Jr. 2025-12-31Form 42026-01-020001645873-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Christopher R. Gingras 2025-12-31Form 42026-01-020001645873-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Kimberly Smith 2025-12-31Form 42026-01-020001645873-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Connie Tirondola 2025-12-31Form 42026-01-020001645873-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Kimberly Smith 2026-01-15Form 42026-01-200001645873-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Aaron Scott Halfacre 2026-01-15Form 42026-01-200001645873-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Christopher R. Gingras 2026-01-15Form 42026-01-200001645873-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Christopher R. Gingras 2026-01-15Form 42026-01-200001645873-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Kimberly Smith 2026-02-13Form 42026-02-170001645873-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Christopher R. Gingras 2026-02-13Form 42026-02-170001645873-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Christopher R. Gingras 2026-02-13Form 42026-02-170001645873-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Aaron Scott Halfacre 2026-02-13Form 42026-02-170001645873-26-000025Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Christopher R. Gingras 2026-03-13Form 42026-03-160001645873-26-000028Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Connie Tirondola 2026-03-31Form 42026-04-010001645873-26-000047Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Christopher R. Gingras 2026-03-31Form 42026-04-010001645873-26-000048Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Thomas H. Nolan, Jr. 2026-03-31Form 42026-04-010001645873-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Kimberly Smith 2026-03-31Form 42026-04-010001645873-26-000050Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Christopher R. Gingras 2026-04-15Form 42026-04-150001645873-26-000052Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Christopher R. Gingras 2026-04-15Form 42026-04-150001645873-26-000052Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Christopher R. Gingras 2026-05-15Form 42026-05-150001645873-26-000063Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Aaron Scott Halfacre 2026-06-26Form 42026-06-290001645873-26-000069Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Aaron Scott Halfacre 2026-06-26Form 42026-06-290001645873-26-000069Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Aaron Scott Halfacre 2026-06-30Form 42026-07-010001645873-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Aaron Scott Halfacre 2026-06-30Form 42026-07-010001645873-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Sara R. Grisham 2026-08-12Form 42026-08-120001140361-26-032533Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Aaron Scott Halfacre 2026-08-12Form 42026-08-120001140361-26-032530Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Aaron Scott Halfacre 2026-08-12Form 42026-08-120001140361-26-032530Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Aaron Scott Halfacre 2026-08-12Form 42026-08-120001140361-26-032530Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Aaron Scott Halfacre 2026-08-12Form 42026-08-120001140361-26-032530Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, John Raney 2026-08-12Form 42026-08-120001140361-26-032531Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, John Raney 2026-08-12Form 42026-08-120001140361-26-032531Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, John Raney 2026-08-12Form 42026-08-120001140361-26-032531Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Raymond Pacini 2026-08-12Form 42026-08-120001140361-26-032532Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Raymond Pacini 2026-08-12Form 42026-08-120001140361-26-032532Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Sara R. Grisham 2026-08-12Form 42026-08-120001140361-26-032533Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, Connie Tirondola 2026-08-12Form 42026-08-120001140361-26-032535Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Christopher R. Gingras 2026-08-12Form 42026-08-120001140361-26-032536Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, Christopher R. Gingras 2026-08-12Form 42026-08-120001140361-26-032536Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Raymond Pacini 2026-08-12Form 42026-08-120001140361-26-032532Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Thomas H. Nolan, Jr. 2026-08-12Form 42026-08-120001140361-26-032537Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, John Raney 2026-08-12Form 42026-08-120001140361-26-032531Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, Thomas H. Nolan, Jr. 2026-08-12Form 42026-08-120001140361-26-032537Insider equity transaction reported since the proxy statement. Filing ↗
106Section 02, John Raney 2026-08-12Form 42026-08-120001140361-26-032531Insider equity transaction reported since the proxy statement. Filing ↗
107Section 02, Raymond Pacini 2026-08-12Form 42026-08-120001140361-26-032532Insider equity transaction reported since the proxy statement. Filing ↗
108Section 02, Sara R. Grisham 2026-08-12Form 42026-08-120001140361-26-032533Insider equity transaction reported since the proxy statement. Filing ↗
109Section 02, Kimberly Smith 2026-08-12Form 42026-08-120001140361-26-032534Insider equity transaction reported since the proxy statement. Filing ↗
110Section 06, 2025 voteForm 8-K2025-07-250001645873-25-000132Item 5.07 · say-on-pay result. As reported: 89.3% (votes for as printed: 4,379,730). Filing ↗
111Section 06, 2024 voteForm 8-K2024-12-110001645873-24-000184Item 5.07 · say-on-pay result. As reported: 89.4% (votes for as printed: 3,753,925). Filing ↗
112Section 06, 2023 voteForm 8-K2023-07-270001140361-23-036452Item 5.07 · say-on-pay result. As reported: 78.44% (votes for as printed: 3,070,534). Filing ↗
113Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
114Section 09b board cost (computed)Computed——Cash 212,500 + equity 280,000 + all other 0 = 492,500, summed across the director compensation table rows.machine: formula: Σ = 492,500
115Modiv Industrial (subject), Section 10b CEO totalDEF 14A2025-04-300001140361-25-016451CEO total compensation as printed in Modiv Industrial's own proxy. As printed: 386,600. Filing ↗machine: r2 · c21 · span 206789–206796

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