Form 4: Prologis Director Jeffrey L. Skelton Reports Dividend Equivalent Units Acquisition

Director Jeffrey L. Skelton reports acquisition of Dividend Equivalent Units related to deferred stock units.

Summary

• On March 29, 2024, Jeffrey L. Skelton, a director of Prologis, Inc., acquired 37.9069 Dividend Equivalent Units (DEUs) related to his 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 Prologis stockholders after the grant date, 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, Skelton beneficially owns 5,179.8292 derivative securities, which includes both DSUs and DEUs.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing a standard compensation practice. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the ongoing accrual of dividend equivalents on deferred stock units, a common component of executive compensation packages.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation and does not involve a significant change in ownership.

Key Dates