Form 4: Prologis Director George L. Fotiades Reports Changes in Beneficial Ownership

Director George L. Fotiades reports acquisition of dividend equivalent units related to deferred stock and phantom shares.

Summary

• George L. Fotiades, a director of Prologis, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The transactions involve the acquisition of Dividend Equivalent Units (DEUs) related to deferred stock units (DSUs) and phantom shares.
• These DEUs accrue on outstanding DSUs and phantom shares at the Prologis common stock dividend rate.
• The DEUs are associated with both current and previous service on the board, including service with a merger partner assumed by Prologis in June 2011.
• The reporting person acquired 186.9637 DEUs, 362.8316 DEUs, 123.1483 DEUs and 233.2594 DEUs on June 28, 2024.
• These DEUs are paid in the form of Prologis common stock at a rate of one common share per DSU or DEU.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to director compensation and do not significantly alter the company's financial position.

Key Dates