Form 4: Prologis Director Lydia H. Kennard Reports Acquisition of Deferred Stock Units

Director Lydia H. Kennard reports the acquisition of deferred stock units in Prologis, Inc.

Summary

• On May 8, 2025, Lydia H. Kennard, a director of Prologis, Inc., acquired 2,275 Deferred Stock Units (DSUs).
• These DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders after the grant date.
• The DSUs are generally deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until May 8, 2028.
• DSUs earn dividend equivalent units (DEUs) when dividends are paid on Prologis common stock and have no exercisable or expiration date.
• DSUs and accrued DEUs are convertible into Prologis common stock on a 1-for-1 basis.
• Following the reported transaction, Kennard beneficially owns 6,344.8554 derivative securities, including DSUs and DEUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and insider confidence.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs will vest on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders after the grant date, and are generally deferred until May 8, 2028.

Industry Context

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

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder sentiment.

Key Dates

Keywords

Prologis, Director, DSU, Deferred Stock Units, Form 4, Beneficial Ownership, Kennard, DEU, Dividend Equivalent Units