Form 4: Prologis Chief Investment Officer Reports Stock Transactions
SEC Form 4
Joseph Ghazal, Chief Investment Officer of Prologis, Inc., reports the vesting and subsequent disposal of restricted stock units (RSUs) resulting in changes to his beneficial ownership of company stock.
Summary
- On August 18, 2024, Joseph Ghazal, the Chief Investment Officer of Prologis, Inc., had 4,892 Restricted Stock Units (RSUs) vest and convert into common stock.
- Simultaneously, Ghazal disposed of 2,480 shares of common stock at a price of $122.85 per share to cover tax obligations.
- Following these transactions, Ghazal directly owns 18,138 shares of Prologis common stock.
- On August 19, 2024, an additional 559 RSUs vested and converted into common stock.
- Ghazal then disposed of 318 shares of common stock at $122.85 per share for tax purposes, resulting in direct ownership of 18,379 shares.
- After these transactions, Ghazal beneficially owns 76,467 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock ownership adjustments.
Key Dates
| Date | Description |
|---|---|
| 08/19/2020 | Reporting person was granted 2,238 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 08/18/2023 | Reporting person was granted 19,568 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 08/18/2024 | 4,892 Restricted Stock Units (RSUs) vested and converted into common stock; 2,480 shares disposed of. |
| 08/19/2024 | 559 RSUs vested and converted into common stock; 318 shares disposed of. |
| 08/20/2024 | Date of signature for the Form 4 filing. |
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