Form 4: Prologis Director Avid Modjtabai Reports Stock Transactions
SEC Form 4 Filing
Director Avid Modjtabai reports the conversion and release of deferred stock units into Prologis common stock.
Summary
- On May 4, 2025, Avid Modjtabai, a director of Prologis, Inc., reported transactions involving deferred stock units (DSUs) and dividend equivalent units (DEUs) under the company's Nonqualified Deferred Compensation Plan.
- A total of 1,617 DSUs and DEUs were converted into Prologis common stock.
- These units were initially granted with terms allowing release on the earlier of the third anniversary of the grant date (May 4, 2022) or the first annual meeting of Prologis stockholders; the shares were released on May 4, 2025.
- Following the reported transactions, Modjtabai beneficially owns 20,661 shares of Prologis common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company director, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| May 4, 2022 | Original grant date of the deferred stock units with terms allowing release on the third anniversary. |
| May 4, 2025 | Date of transaction: conversion of deferred stock units and dividend equivalent units into Prologis common stock. |
| May 6, 2025 | Date of signature on the Form 4 filing. |
Keywords
Prologis, Director, Stock Transaction, Deferred Stock Units, Dividend Equivalent Units, Beneficial Ownership, Form 4, Modjtabai, PLD
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