Form 4: Director Lydia H. Kennard Reports Changes in Beneficial Ownership of Prologis, Inc. Stock

Lydia H. Kennard, a director of Prologis, Inc., reports dividend equivalent units acquired and disposed of related to deferred stock units.

Summary

• On June 28, 2024, Lydia H. Kennard, a director of Prologis, Inc., reported changes in her beneficial ownership of the company's securities.
• She acquired 46.9871 dividend equivalent units (DEUs) related to her deferred stock units (DSUs) under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
• She also disposed of 5,543.9753 dividend equivalent units.
• The DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate when dividends are paid on Prologis common stock.
• Both DEUs and underlying DSUs vest fully on the earlier of the first anniversary of the grant date or the first annual meeting of Prologis stockholders after the grant date.
• The DEUs and DSUs are paid in the form of Prologis common stock at a rate of one common share per DSU or DEU.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing routine transactions related to director compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The receipt of DEUs is deferred along with the underlying DSUs and will be paid in the form of Prologis common stock.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is standard practice for publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to the director's compensation and deferred stock units.

Key Dates