Form 4: Prologis Director Modjtabai Reports Acquisition of Deferred Stock Units

Avid Modjtabai, a director at Prologis, reported the acquisition of deferred stock units (DSUs) on May 9, 2024.

Summary

• On May 9, 2024, Avid Modjtabai, a director of Prologis, acquired 2,080 Deferred Stock Units (DSUs).
• These DSUs vest on the earlier of the first anniversary of the grant date or the first annual meeting of Prologis stockholders after the grant date.
• The DSUs are generally deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until May 9, 2027.
• DSUs earn dividend equivalent units (DEUs) when dividends are paid on Prologis common stock.
• Both DSUs and accrued DEUs are convertible into Prologis common stock on a 1-for-1 basis.
• Following the reported transaction, Modjtabai beneficially owns 5,496.9882 DSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence in the company's future.

Future Outlook

The DSUs will convert to Prologis common stock on a 1-for-1 basis at a future date, specifically May 9, 2027, unless the vesting date is earlier.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Prologis.

Stakeholder Impact

• The acquisition of DSUs by a director signals confidence in the company's performance, which can positively influence shareholder sentiment.

Key Dates