Form 4: Director Avid Modjtabai Executes Prologis Stock Conversion

Prologis director Avid Modjtabai converted 1,984.5492 deferred stock units into common stock and received a new grant of 1,695 units.

Summary

• Director Avid Modjtabai converted 1,984.5492 deferred stock units (DSUs) and dividend equivalent units into common stock on April 28, 2026.
• The conversion occurred on a 1-for-1 basis with no exercise price, resulting in 1,984 shares of common stock acquired.
• Following the transaction, the director holds 22,645 shares of common stock directly.
• A new grant of 1,695 deferred stock units was issued to the director on April 28, 2026, vesting on the earlier of the first anniversary or the next annual meeting.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director equity compensation that does not signal a change in company strategy or financial health.

Positives

• Director maintains a significant direct ownership stake of 22,645 shares, aligning interests with shareholders.

Negatives

• None identified; this is a routine equity compensation settlement.

Risks

• None identified; this is a standard administrative transaction regarding director compensation.

Future Outlook

The newly granted 1,695 deferred stock units are scheduled to vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, with deferral until April 28, 2029.

Industry Context

StockSavvy.ai notes that this filing represents standard corporate governance and director compensation practices within the Real Estate Investment Trust (REIT) sector, where equity-based compensation is common to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of deferred stock units for director compensation is consistent with standard practices among large-cap REITs like Prologis.
• The 1-for-1 conversion ratio and vesting schedules are typical for S&P 500 company board compensation packages.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity settlement for a director.

Next Steps

• Vesting of the 1,695 newly granted deferred stock units on or before April 28, 2027.

Key Dates

Keywords

Prologis, PLD, Form 4, Insider Trading, Director Compensation, Deferred Stock Units