Form 4: Prologis Director Lyons III Reports Changes in Beneficial Ownership Due to Dividend Equivalent Units
SEC Form 4 Filing
Director Irving F. Lyons III reports acquisition and disposal of Dividend Equivalent Units (DEUs) related to deferred stock units (DSUs) in Prologis, Inc.
Summary
- Irving F. Lyons III, a director of Prologis, Inc., filed a Form 4 detailing changes in his beneficial ownership.
- The changes involve the acquisition and disposal of Dividend Equivalent Units (DEUs) related to his Deferred Stock Units (DSUs).
- He acquired 77.282 DEUs associated with previous board service and 219.6938 DEUs associated with current board service under the Nonqualified Deferred Compensation Plan.
- He disposed of 10,243.0769 DEUs.
- These DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate and are payable in Prologis common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the director's holdings and compensation.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction involving Dividend Equivalent Units. |
| 10/02/2024 | Date of Form 4 filing. |
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