Form 4: Prologis Director Olivier Piani Reports Stock Transactions
SEC Form 4 Filing
Olivier Piani, a director at Prologis, Inc., reported the conversion and disposal of common stock related to deferred stock units.
Summary
- Director Olivier Piani reported transactions involving Prologis, Inc. common stock on May 4, 2025.
- These transactions involved the conversion of 1,617 Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) into common stock.
- Additionally, 485 shares were disposed of to cover tax liabilities associated with the vesting of these DSUs at a price of $105.41 per share.
- Following these transactions, Piani directly owns 10,340 shares of Prologis common stock and 4,069.8554 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies like Prologis.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the conversion of existing equity awards.
Key Dates
| Date | Description |
|---|---|
| 05/04/2022 | Original grant date of Deferred Stock Units (DSUs) under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). |
| 05/04/2025 | Date of transaction: Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) into common stock, and disposal of shares for tax liabilities. |
| 05/06/2025 | Date of signature of the report by Attorney-in-Fact for Olivier Piani. |
Keywords
Prologis, Olivier Piani, Form 4, Stock Transaction, Deferred Stock Units, Director, PLD
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