Form 4: Prologis Director David O'Connor Reports Stock Unit Conversion
SEC Form 4 Filing
Director David O'Connor reports the conversion of deferred stock units into Prologis common stock on May 4, 2025.
Summary
- David O'Connor, a director at Prologis, Inc., reported a transaction involving the conversion of deferred stock units (DSUs) and dividend equivalent units (DEUs) into common stock on May 4, 2025.
- The transaction involved the conversion of 1,617.9289 DSUs and DEUs into Prologis common stock.
- Following the transaction, O'Connor beneficially owns 10,617 shares of common stock directly and 23,153.5996 deferred stock units.
- The DSUs and DEUs were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan) and convert into common stock on a 1-for-1 basis upon vesting.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock unit conversion, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Prologis.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the conversion of existing deferred stock units into common stock.
Key Dates
| Date | Description |
|---|---|
| 05/04/2022 | Original grant date of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). |
| 05/04/2025 | Date of transaction: Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) into common stock. |
| 05/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Prologis, Director, Stock Units, Deferred Compensation, Form 4, Beneficial Ownership, PLD
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