Form 4: Prologis Director Jeffrey Skelton Reports Conversion of Deferred Stock Units Upon Retirement

Jeffrey Skelton, a director at Prologis, Inc., reported the conversion of deferred stock units into common stock following his retirement from the board on May 9, 2024.

Summary

• Jeffrey Skelton, a director at Prologis, Inc., filed a Form 4 on May 13, 2024, reporting changes in beneficial ownership.
• The report details the conversion of 3,416 Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) into Prologis common stock on May 9, 2024.
• This conversion occurred as a result of Mr. Skelton's retirement from the Prologis board on May 9, 2024.
• The DSUs and DEUs were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
• The units convert into Prologis common stock on a 1-for-1 basis and have no exercise price or expiration date.
• Mr. Skelton now beneficially owns 64,600 shares of Prologis common stock.
• The difference of .9882 shares represents cummulative fractional shares which have been converted to a cash payout.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a director's retirement and conversion of deferred stock units; it doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Management Changes

Stakeholder Impact

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

Key Dates