PLD.NYSEPrologis, INC

Form 4: Prologis Director Carl B. Webb Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4

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Director Carl B. Webb reports acquisition and disposal of Dividend Equivalent Units and Phantom Shares related to deferred compensation plans.

Summary

  • Carl B. Webb, a director at Prologis, Inc., filed a Form 4 detailing changes in beneficial ownership.
  • The transactions involve the acquisition and disposal of Dividend Equivalent Units (DEUs) and Phantom Shares under the company's Nonqualified Deferred Compensation Plan (NQDC Plan).
  • On March 29, 2024, Webb acquired 37.9069 DEUs related to Deferred Stock Units (DSUs) and disposed of 5,179.8292 DEUs.
  • Additionally, Webb acquired 165.6744 DEUs related to director fees and disposed of 23,253.7216 DEUs.
  • Webb also acquired 287 Phantom Shares related to director fees.
  • These DEUs and Phantom Shares are payable in Prologis common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, common for publicly traded companies. It provides transparency into the equity-based compensation of Prologis' directors.

Comparison to Industry Standards

  • Executive compensation practices, including the use of deferred compensation plans and equity-based awards, are common among publicly traded REITs like Prologis.
  • Companies such as Duke Realty (now part of Prologis), Equinix, and Digital Realty Trust also utilize similar compensation structures to align executive interests with shareholder value.
  • The specific amounts and terms of these plans vary based on company size, performance, and individual executive roles.

Stakeholder Impact

  • The transactions have a minimal direct impact on stakeholders, as they relate to internal compensation arrangements for a director.
  • The disclosure provides transparency to shareholders regarding director compensation.

Key Dates

DateDescription
03/29/2024Date of earliest transaction: Acquisition and disposal of Dividend Equivalent Units and Phantom Shares.
04/02/2024Date of signature by Attorney-In-Fact for Carl B. Webb.

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