Form 4: Prologis Director Jeffrey L. Skelton Reports Stock Unit Conversion

Director Jeffrey L. Skelton reports the conversion of deferred stock units into Prologis common stock on April 29, 2024.

Summary

• On April 29, 2024, Jeffrey L. Skelton, a director at Prologis, Inc., converted 1,762 deferred stock units (DSUs) and dividend equivalent units (DEUs) into common stock.
• These units were part of the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
• The conversion occurred because the earlier of the third anniversary of the grant date (April 29, 2021) or the first annual meeting of Prologis stockholders had been met.
• The DSUs and DEUs convert into Prologis common stock on a 1-for-1 basis with no exercise price or expiration date.
• Following the transaction, Skelton directly owns 61,184 shares of Prologis common stock.
• Skelton also directly owns 3,416.9882 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock unit conversion, and it doesn't inherently indicate positive or negative sentiment.

Industry Context

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

Stakeholder Impact

• The conversion of deferred stock units has a minor dilutive effect on existing shareholders.

Key Dates