Form 4: Prologis Chief Investment Officer Reports Stock Transactions
SEC Form 4 Filing
Joseph Ghazal, Chief Investment Officer of Prologis, Inc., reports the vesting and subsequent disposal of restricted stock units.
Summary
- On February 21, 2025, Joseph Ghazal, the Chief Investment Officer of Prologis, Inc., had 491 restricted stock units (RSUs) vest and convert into common stock.
- Ghazal then disposed of 250 shares of common stock at a price of $120.9 to cover tax obligations.
- Following these transactions, Ghazal directly owns 8,218 shares of Prologis common stock and 67,775 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not contain any information that would significantly impact sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transactions reported in this filing may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | Reporting person was granted 1,962 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 02/21/2025 | 491 Restricted Stock Units vested and converted into common stock; 250 shares disposed of to cover tax obligations. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Prologis, PLD, Form 4, insider trading, Joseph Ghazal, Chief Investment Officer, restricted stock units, RSUs, common stock, beneficial ownership, Section 16(a)
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