---
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"
generated_at: "2026-05-27T03:31:24.979039+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Modiv grants 774K Class X units to execs; CEO takes minimum wage salary

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-003004
- JSON: https://secwatch.observer/filing/0001140361-25-003004.json
- Plain text: https://secwatch.observer/filing/0001140361-25-003004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.