Form 4: Carl B. Webb Reports Changes in Beneficial Ownership of Prologis, Inc. Shares
SEC Form 4 Filing
Director Carl B. Webb reports the conversion of deferred stock units and dividend equivalent units into Prologis, Inc. common stock on May 4, 2025.
Summary
- Carl B. Webb, a director of Prologis, Inc., filed a Form 4 to report changes in beneficial ownership.
- On May 4, 2025, Webb converted 1,617 deferred stock units (DSUs) and dividend equivalent units (DEUs) into Prologis common stock.
- The conversion occurred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
- Following the transaction, Webb directly owns 89,966 shares of Prologis common stock.
- Webb also holds 4,069.8554 derivative securities in the form of Deferred Stock Units and Dividend Equivalent Units-NQDC.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing, indicating normal corporate governance and executive compensation practices. There is nothing inherently positive or negative, but the transparency is generally viewed favorably.
Future Outlook
Not applicable, as the document primarily reports a past transaction.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Prologis. It provides transparency to investors regarding the holdings of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include deferred stock units and dividend equivalent units to align management's interests with those of shareholders.
- The vesting and conversion terms described are typical for such compensation plans.
- Similar filings are regularly made by executives at comparable REITs and other publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| May 4, 2022 | Original grant date for the deferred stock units, with release of shares on the earlier of the third anniversary or the first annual meeting of stockholders. |
| May 4, 2025 | Date of transaction: conversion of deferred stock units and dividend equivalent units into common stock. |
| May 6, 2025 | Date of the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Prologis, PLD, Carl B. Webb, Deferred Stock Units, Dividend Equivalent Units, NQDC Plan, Director
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