Form 4: Prologis Director David P. O'Connor Reports Dividend Equivalent Unit Acquisition

Director David P. O'Connor reports the acquisition of Dividend Equivalent Units related to deferred stock units.

Summary

• David P. O'Connor, a director at Prologis, Inc., filed a Form 4 on October 2, 2024, reporting a transaction that occurred on September 30, 2024.
• The transaction involved the acquisition of 183.5555 Dividend Equivalent Units (DEUs) under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
• These DEUs are associated with deferred stock units (DSUs) earned for board service.
• DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate when dividends are paid on Prologis common stock.
• Both DEUs and the underlying DSUs vest fully on the earlier of the first anniversary of the grant date or the first annual meeting of Prologis stockholders after the grant date, typically in May.
• The receipt of DEUs is deferred along with the underlying DSUs and are paid in Prologis common stock at a 1:1 ratio.
• O'Connor's total holdings include 24,328.7653 DSUs and DEUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating stable corporate governance and adherence to regulatory requirements. It's a neutral to slightly positive signal.

Future Outlook

The document does not contain any specific forward-looking statements beyond the standard vesting schedule of the DEUs and DSUs.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it pertains to executive compensation.

Key Dates