Form 4: Prologis Director Avid Modjtabai Reports Changes in Beneficial Ownership

Avid Modjtabai, a director at Prologis, reported the acquisition and disposal of Dividend Equivalent Units (DEUs) related to deferred stock units.

Summary

• On September 30, 2024, Avid Modjtabai, a director at Prologis, reported transactions involving Dividend Equivalent Units (DEUs) related to deferred stock units (DSUs) under the company's Nonqualified Deferred Compensation Plan (NQDC Plan).
• Modjtabai acquired 42.1463 DEUs and disposed of 42.1463 DEUs.
• These DEUs are associated with current service on the board and accrue on outstanding DSUs at the Prologis common stock dividend rate.
• The DEUs and underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders (generally in May).
• The balance in column 9, which represents the number of derivative securities beneficially owned following reported transactions, includes DSUs and DEUs.
• Following the reported transactions, Modjtabai beneficially owns 5,586.1216 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to director compensation.

Future Outlook

The document does not contain specific forward-looking statements beyond the standard vesting schedule of the DEUs and DSUs.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the director's ongoing participation in the company's equity compensation plans.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates