Form 4: Prologis Chairman & CEO Moghadam Reports Acquisition and Disposal of LTIP Units
SEC Form 4 Filing
Hamid Moghadam, Chairman & CEO of Prologis, reports transactions involving LTIP Units, including acquisition and disposal, with indirect ownership through an LLC and a trust.
Summary
- Hamid Moghadam, Chairman & CEO of Prologis, filed a Form 4 detailing changes in beneficial ownership.
- The report includes transactions involving Long-Term Incentive Plan (LTIP) Units.
- On April 19, 2024, Moghadam disposed of 227,157 LTIP Units.
- On the same day, Moghadam acquired 227,157 LTIP Units.
- Following these transactions, Moghadam directly owns 1,625,781 LTIP Units.
- Moghadam also indirectly owns 1,063,007 LTIP Units through an LLC and 18,233 LTIP Units through a trust.
- Each vested LTIP Unit can be converted into a common unit of limited partnership interest in Prologis, L.P., which can then be redeemed for cash or Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership of Prologis securities by its Chairman & CEO.
Key Dates
| Date | Description |
|---|---|
| 04/19/2024 | Date of LTIP Units acquisition and disposal transactions. |
| 04/23/2024 | Date of signature by Attorney-in-Fact for Hamid R. Moghadam. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.