Form 4: Prologis Director Lyons III Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Irving F. Lyons III reports the acquisition of deferred stock units in Prologis, Inc.
Summary
- On May 9, 2024, Irving F. Lyons III, a director of Prologis, Inc., acquired 2,080 Deferred Stock Units (DSUs).
- These DSUs vest on the earlier of May 9, 2025, or the first annual meeting of stockholders after the grant date.
- The DSUs are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until May 9, 2027.
- Lyons' total holdings include 28,653.9719 DSUs and dividend equivalent units (DEUs).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock ownership, indicating a neutral sentiment.
Future Outlook
The DSUs will vest on the earlier of May 9, 2025, or the first annual meeting of stockholders after the grant date, and are deferred until May 9, 2027.
Industry Context
This filing is a routine disclosure of a director's acquisition of deferred stock units, a common form of executive compensation in publicly traded companies.
Stakeholder Impact
- The acquisition of DSUs by a director could be viewed positively by shareholders as it aligns the director's interests with the long-term performance of the company.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of transaction: Acquisition of 2,080 Deferred Stock Units (DSUs) |
| 05/09/2024 | Date of DSU grant |
| 05/09/2025 | DSUs vest 100% on the earlier of this date or the first annual meeting of the stockholders of Prologis that occurs after the grant date |
| 05/09/2027 | DSUs are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until this date |
| 05/13/2024 | Date of Form 4 filing |
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