Form 4: Prologis Inc. Executive Joseph Ghazal Reports Stock Transactions
SEC Form 4 Filing
Chief Investment Officer Joseph Ghazal reports the vesting and conversion of restricted stock units into Prologis common stock.
Summary
- On May 3, 2024, Joseph Ghazal, Chief Investment Officer of Prologis, Inc., reported transactions involving the company's stock.
- Ghazal converted 253 Restricted Stock Units (RSUs) into common stock at a price of $0.00 following vesting.
- This conversion was part of a larger RSU grant from May 3, 2023, which vests in four equal annual installments.
- Following the reported transaction, Ghazal beneficially owns 15,726 shares of common stock directly and 81,918 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice for publicly traded companies. It provides transparency into the trading activities of insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine conversion of vested equity.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Reporting person was granted 1009 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 05/03/2024 | Date of earliest transaction: Conversion of 253 Restricted Stock Units (RSUs) into common stock. |
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