Form 4: Prologis Director James B. Connor Reports Acquisition of Dividend Equivalent Units

Director James B. Connor reports the acquisition of Dividend Equivalent Units related to deferred stock units.

Summary

• James B. Connor, a director at Prologis, Inc., filed a Form 4 on April 02, 2024, reporting a transaction that occurred on March 29, 2024.
• The transaction involved the acquisition of 13.563 Dividend Equivalent Units (DEUs) related to Deferred Stock Units (DSUs) under the Prologis, Inc. Nonqualified Deferred Compensation Plan.
• These DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate when dividends are paid on Prologis common stock.
• The DEUs and underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders (generally in May each year).
• The balance in column 9 includes DSUs and DEUs, with the reporting person owning 1,853.3326 DEUs directly.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive compensation, indicating standard operational procedures. The sentiment is neutral to slightly positive as it reflects ongoing compensation practices.

Future Outlook

The receipt of DEUs is deferred along with the underlying DSUs and are paid in the form of Prologis common stock at a rate of one common share per DSU or DEU.

Industry Context

This filing is a routine disclosure related to executive compensation and deferred compensation plans, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on the director's holdings.
• It provides transparency to shareholders regarding executive compensation.

Key Dates