{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-003004","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2025-02-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.293132+00:00","generated_at":"2026-05-27T03:31:24.979039+00:00","sec_items":["1.01","3.02","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Modiv grants 774K Class X units to execs; CEO takes minimum wage salary","bullets":["CEO Halfacre received 546,542.50 Class X units; vest on 5th anniversary; no additional equity, bonus, only min wage salary.","CFO Pacini received 65,000 Class X units; vest on 2nd anniversary.","COO Raney received 162,500 Class X units; vest on 5th anniversary.","CEO base salary set at minimum wage, not to exceed $56,485, effective by April 1, 2025.","Class X units are profits interest in OP; automatically convert to Class C units upon vesting and appreciation."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-003004","json":"https://secwatch.observer/filing/0001140361-25-003004.json","markdown":"https://secwatch.observer/filing/0001140361-25-003004.md","text":"https://secwatch.observer/filing/0001140361-25-003004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036125003004/0001140361-25-003004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036125003004/ef20042823_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T03:31:24.979039+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}