Form 4: Prologis Director James B. Connor Reports Changes in Beneficial Ownership

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

Summary

• James B. Connor, a director of Prologis, Inc., filed a Form 4 with the SEC on October 2, 2024, reporting changes in beneficial ownership.
• The reported transaction involves the acquisition of 30.1575 Dividend Equivalent Units (DEUs) on September 30, 2024.
• These DEUs are associated with Deferred Stock Units (DSUs) related to Connor's service on the Prologis board and are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
• 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 Prologis stockholders after the grant date, typically in May each year.
• 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.
• Following the reported transaction, Connor beneficially owns 3,997.1114 derivative securities, including DSUs and DEUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to director compensation, with no significant positive or negative implications.

Future Outlook

The DEUs and DSUs will be 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 deferred compensation plans, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it relates to director compensation and deferred stock units.

Key Dates