Form 4: Prologis Executive Joseph Ghazal Reports Stock Transactions
SEC Form 4 Filing
Chief Investment Officer Joseph Ghazal reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 2, 2024, Joseph Ghazal, Chief Investment Officer of Prologis, Inc., reported transactions involving Prologis common stock.
- Ghazal vested 122 restricted stock units (RSUs) which converted into 122 shares of common stock.
- 63 shares were withheld to cover the tax liability associated with the vesting of the RSUs at a price of $134.6 per share.
- Following these transactions, Ghazal directly owns 15,473 shares of Prologis common stock.
- The RSUs were part of a grant of 490 RSUs made on March 2, 2020, vesting in four equal annual installments.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they reflect standard executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/02/2020 | Reporting person was granted 490 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 03/02/2024 | Date of RSU vesting and stock transactions. |
| 03/05/2024 | Date of Form 4 filing. |
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