Form 4: Prologis Director Metcalfe Reports Dividend Equivalent Unit Acquisition

Director Guy A. Metcalfe reports the acquisition of Dividend Equivalent Units (DEUs) related to deferred stock units.

Summary

• Guy A. Metcalfe, a director at Prologis, Inc., filed a Form 4 on April 02, 2025.
• The report details the acquisition of 19.2705 Dividend Equivalent Units (DEUs) on March 31, 2025, at a price of $0.00.
• These DEUs are associated with deferred stock units (DSUs) earned through board service under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan).
• DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate when dividends are paid.
• Both DEUs and underlying DSUs vest fully on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders (typically in May).
• The receipt of DEUs is deferred along with the underlying DSUs and are paid in Prologis common stock at a 1:1 ratio.
• The balance in column 9 includes both DSUs and DEUs, with the director holding 2,152.1951 after the transaction.

Sentiment

Score: 7

Explanation: Neutral sentiment as it's a routine filing related to director compensation. It indicates continued alignment of the director's interests with shareholders through equity-based compensation.

Positives

• The acquisition of DEUs reflects continued participation in the company's deferred compensation plan.
• The vesting schedule aligns with the director's ongoing service to the company.

Industry Context

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

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, promoting transparency.

Key Dates

Keywords

Form 4, Dividend Equivalent Units, Deferred Stock Units, Prologis, Director, Metcalfe, Beneficial Ownership, NQDC Plan