Form 4: Cristina Gabriela Bita Reports Changes in Prologis Beneficial Ownership

Cristina Gabriela Bita, a director at Prologis, reports transactions related to dividend equivalent units and phantom shares acquired through the company's Nonqualified Deferred Compensation Plan.

Summary

• Cristina Gabriela Bita, a director of Prologis, filed a Form 4 detailing changes in her beneficial ownership of Prologis securities.
• The reported transactions involve the acquisition and disposal of dividend equivalent units (DEUs) and phantom shares under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
• On March 31, 2025, Bita acquired 50.9278 DEUs related to deferred stock units (DSUs) and 36.7168 DEUs related to director fees deferred into phantom shares.
• Additionally, 268 phantom shares were acquired representing deferred director fees.
• These DEUs and phantom shares are payable in Prologis common stock at a rate of one common share per DEU or phantom share.
• The reported transactions also include disposals of DEUs, resulting in adjustments to the director's holdings.
• Following these transactions, Bita's beneficial ownership includes 5,687.7843 DEUs related to DSUs, 4,592.6358 DEUs related to phantom shares, and 4,860.6358 phantom shares.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing routine compensation-related transactions. It doesn't indicate any significant positive or negative events, hence a neutral to slightly positive sentiment.

Positives

• The report reflects standard compensation practices for board members, indicating a well-structured compensation plan.

Industry Context

The filing is a routine disclosure related to executive compensation and aligns with standard practices in publicly traded companies, particularly REITs like Prologis.

Comparison to Industry Standards

• Deferred compensation plans are common among publicly traded companies to attract and retain directors and executives.
• Companies like Duke Realty (now Prologis) and other REITs often use similar instruments like DSUs and phantom shares as part of their compensation packages.
• The vesting schedules and payout terms described are typical for such plans.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors, as they relate to director compensation.

Key Dates

Keywords

Form 4, beneficial ownership, Prologis, PLD, director, Cristina Gabriela Bita, dividend equivalent units, phantom shares, Nonqualified Deferred Compensation Plan, deferred stock units