Form 4: Prologis Director George L. Fotiades Reports Changes in Beneficial Ownership Due to Dividend Equivalent Units

Director George L. Fotiades reports acquisition of dividend equivalent units (DEUs) related to deferred stock units and phantom shares, increasing his holdings in Prologis common stock.

Summary

• George L. Fotiades, a director at Prologis, reported changes in his beneficial ownership of the company's securities on October 2, 2024.
• The changes are due to 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 vest upon issuance, but the receipt is deferred until the director's service ends.
• The report details the acquisition of 167.7016 DEUs, 325.4509 DEUs, 110.4611 DEUs, and 209.2278 DEUs related to different types of deferred compensation plans.
• These acquisitions increased his direct holdings to 22,227.4521, 43,135.8036, 14,640.7049 and 27,731.3954 respectively.
• DSUs and DEUs are paid in the form of Prologis common stock at a rate of one common share per DSU or DEU.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership due to dividend accruals. It doesn't indicate any significant positive or negative events, but reflects continued director investment.

Positives

• The acquisition of DEUs reflects continued investment in Prologis by a director.
• The structure of DEUs aligns the director's interests with those of shareholders through dividend accrual.

Future Outlook

The reporting person will continue to receive DEUs on DSUs and phantom shares as long as they remain outstanding and the director continues to serve.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The report provides transparency to shareholders regarding the director's holdings and alignment with company performance.

Key Dates