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 2, 2025, reporting a transaction that occurred on March 31, 2025.
• The transaction involved the acquisition of 36.441 Dividend Equivalent Units (DEUs) related to Deferred Stock Units (DSUs) under the company's Nonqualified Deferred Compensation Plan (NQDC Plan).
• These DEUs accrue on outstanding DSUs at the same rate as Prologis common stock dividends.
• The DEUs and underlying DSUs vest fully on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders, typically in May each year.
• Both DSUs and DEUs are paid out as Prologis common stock at a rate of one share per unit.
• Following the reported transaction, Connor directly owns 4,069.8554 derivative securities, including DSUs and DEUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating normal business operations. There are no red flags or significant positive surprises.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.

Key Dates

Keywords

Form 4, Prologis, Director, James B. Connor, Dividend Equivalent Units, Deferred Stock Units, NQDC Plan, Beneficial Ownership