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

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 July 2, 2024, reporting a transaction that occurred on June 28, 2024.
• The transaction involved the acquisition of 33.6213 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 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).
• Both DSUs and DEUs 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 directly owns 3,966.9539 derivative securities, which includes DSUs and DEUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. There are no indications of positive or negative implications for the company's performance.

Future Outlook

The receipt of DEUs is deferred along with the underlying DSUs and will be paid in the form of Prologis common stock.

Industry Context

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

Stakeholder Impact

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

Key Dates