Form 4: Prologis Chief Investment Officer Reports Stock Transactions
SEC Form 4 Filing
Joseph Ghazal, Chief Investment Officer at Prologis, Inc., reports the acquisition of 956 common stock units and the disposal of 232 common stock units on February 2, 2025.
Summary
- Joseph Ghazal, the Chief Investment Officer of Prologis, Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On February 2, 2025, Mr. Ghazal acquired 956 shares of common stock through the vesting of restricted stock units (RSUs).
- Also on February 2, 2025, he disposed of 232 shares of common stock at a price of $119.25 per share.
- Following these transactions, Mr. Ghazal directly owns 18,974 shares of common stock.
- He also holds 68,266 restricted stock units and 18,351 LTIP units.
- A previous Form 4 filed on January 22, 2025, incorrectly included LTIP units in the restricted stock unit total, which has been corrected in this filing.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative in itself. The correction of a previous error is a positive sign of compliance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transactions reported are typical for executives who receive stock-based compensation, such as RSUs and LTIP units.
- The correction of a previous filing error demonstrates adherence to regulatory requirements.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and trading activity.
- The correction of the previous filing error ensures accurate information for all stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/02/2021 | The reporting person was granted 3,827 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 01/22/2025 | A previous Form 4 was filed which inadvertently added LTIP units to the restricted stock unit total. |
| 02/02/2025 | Date of the reported stock transactions, including acquisition of 956 shares and disposal of 232 shares. |
| 02/03/2025 | Date of the filing of this Form 4. |
Keywords
Prologis, Stock Transactions, Form 4, Beneficial Ownership, Restricted Stock Units, LTIP Units, Joseph Ghazal, Chief Investment Officer
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