Form 4: Prologis Director Avid Modjtabai Reports Stock Transactions

Avid Modjtabai, a director at Prologis, Inc., reported the conversion of deferred stock units and dividend equivalent units into common stock on April 29, 2024.

Summary

• On April 29, 2024, Avid Modjtabai, a director of Prologis, Inc., converted 1,762 deferred stock units (DSUs) and dividend equivalent units (DEUs) into common stock.
• The conversion occurred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
• The original grant terms stipulated that shares would be released on the earlier of (a) the third anniversary of the grant date (April 29, 2021) or (b) the first annual meeting of Prologis stockholders.
• The shares were released on April 29, 2024.
• Following the transaction, Modjtabai directly owns 19,044 shares of Prologis common stock.
• Modjtabai also directly owns 3,416.9882 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions, neither particularly positive nor negative.

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 transaction provides transparency to shareholders regarding insider activity.

Key Dates