Form 4: Director Fotiades Reports Acquisition of Prologis Dividend Equivalent Units

George L. Fotiades, a director of Prologis, reports the acquisition of dividend equivalent units (DEUs) related to deferred stock units and phantom shares.

Summary

• On December 31, 2024, Director George L. Fotiades acquired dividend equivalent units (DEUs) related to his holdings in Prologis.
• These DEUs are associated with deferred stock units (DSUs) and phantom shares from his service on the board, including those assumed from the merger with ProLogis in 2011.
• The DEUs accrue at the same rate as Prologis common stock dividends and vest upon issuance.
• The receipt of these DEUs is deferred until a later date, and they will be paid out in the form of Prologis common stock at a rate of one share per DEU.
• The total DEUs acquired are 201.8767, 391.7728, 132.9714 and 251.865.
• The director's holdings include DEUs earned on DSUs associated with current service on the board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan).
• The director's holdings include DEUs earned on director fees that the reporting person has elected to defer into phantom shares under the NQDC Plan.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't suggest any significant positive or negative developments for the company.

Industry Context

This filing is a routine disclosure related to director compensation and equity holdings, common in publicly traded companies like Prologis.

Stakeholder Impact

• The acquisition of DEUs by a director could be seen as a positive signal to shareholders, indicating confidence in the company's future performance.

Key Dates