Form 4: Prologis Director Carl B. Webb Reports Conversion of Deferred Stock Units Upon Retirement
SEC Form 4 Filing
Carl B. Webb, a director at Prologis, Inc., reported the conversion of deferred stock units and phantom shares into common stock following his retirement on May 8, 2025.
Summary
- On May 8, 2025, Carl B. Webb, a director at Prologis, Inc., converted deferred stock units (DSUs) and dividend equivalent units (DEUs) into 29,820 shares of Prologis common stock at a price of $105.04.
- This conversion occurred following Webb's retirement from the board on the same date.
- Additionally, Webb converted 4,069.8554 DSUs and DEUs, as well as 25,750.423 phantom shares, into Prologis common stock under the company's Nonqualified Deferred Compensation Plan (NQDC Plan).
- Following these transactions, Webb directly owns 119,786 shares of Prologis common stock.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but the fact that a director is converting deferred compensation into stock suggests confidence in the company's future, leading to a neutral to slightly positive sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, specifically the conversion of deferred compensation into common stock upon a director's retirement. It provides transparency to investors regarding the transactions of company insiders.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Carl B. Webb | N/A | 05/08/2025 | Retirement |
Related Party Transactions
- The conversion of deferred stock units and phantom shares under the Nonqualified Deferred Compensation Plan (NQDC Plan) constitutes a related party transaction.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
- The conversion of deferred compensation into common stock aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/08/2025 | Date of earliest transaction, director retirement, and conversion of deferred stock units and phantom shares. |
| 05/09/2025 | Date of signature on the Form 4 filing. |
Keywords
Prologis, Carl B. Webb, Form 4, Deferred Stock Units, Dividend Equivalent Units, Phantom Shares, Director Retirement, Beneficial Ownership, PLD, Nonqualified Deferred Compensation Plan
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