Form 4: Prologis Director Carl B. Webb Reports Stock Transactions

Director Carl B. Webb reports the conversion of deferred stock units into Prologis common stock.

Summary

• On April 29, 2024, Carl B. Webb, a director of Prologis, Inc., converted 1,762 deferred stock units (DSUs) and dividend equivalent units (DEUs) into 1,762 shares of Prologis common stock.
• These DSUs and DEUs were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
• The shares were released on April 29, 2024, based on the original grant terms, which stipulated release on the earlier of the third anniversary of the grant date (April 29, 2021) or the first annual meeting of Prologis stockholders.
• Following the transaction, Webb directly owns 88,349 shares of Prologis common stock.
• Webb also holds 3,681.147 phantom shares and 23,540.7216 DEUs under the NQDC Plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation, and it doesn't inherently indicate positive or negative sentiment. It's a neutral disclosure of stock transactions.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates routine compensation-related stock activity for a Prologis director.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the conversion of existing deferred compensation into common stock.

Key Dates