Prologis director converts 1,687 units to shares
A Prologis director converted deferred stock units into common shares while retaining a sizable DSU balance and separate trust-held shares.
Rhea-AI Filing Summary
Prologis, Inc. (PLD) director George L. Fotiades reported the conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) into common stock on September 17, 2026 under the company’s Nonqualified Deferred Compensation Plan. The exercise converted 1,687.5878 DSUs/DEUs into 1,687 shares of common stock on a 1-for-1 basis, with no exercise price or expiration date. After the transaction, he held 46,303.0116 DSUs directly, plus 1,687 shares of common stock directly and 8,000 shares of common stock indirectly through a trust where he has no voting or investment power. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
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Insider Trade Summary
1,687.5878 shares exercised/converted
Exercise
3 txns
Insider
FOTIADES GEORGE L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units - NQDC F1, F3 | 1,687.5878 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,687 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units - NQDC — 46,303.0116 contracts (Direct);
Common Stock — 1,687 shares (Direct);
Common Stock — 8,000 shares (Indirect, By Trust)
Footnotes (3)
- F1. Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) on September 17, 2026 that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). Original grant terms provided for release of shares on the earlier of (a) the first anniversary of the Grant Date (May 4, 2023) or (b) the first annual meeting of the stockholders of Prologis following the grant date. DSUs and DEUs convert into Prologis common stock upon release on a 1-for-1 basis and have no exercise price or expiration date.
- F2. Held indirectly in a trust with his spouse as sole trustee. Reporting person has no voting or investment power.
- F3. Balance in column 9 includes an adjustment of 13.2248 DEUs due to an administrative error.
Key Figures
DSUs/DEUs converted: 1,687.5878 units
Common shares received: 1,687 shares
DSUs balance after transaction: 46,303.0116 units
+4 more
7 metrics
DSUs/DEUs converted
1,687.5878 units
Deferred Stock Units and Dividend Equivalent Units converted on September 17, 2026
Common shares received
1,687 shares
Shares of Prologis common stock received upon DSU/DEU conversion
DSUs balance after transaction
46,303.0116 units
Deferred Stock Units held directly after the September 17, 2026 conversion
Direct common shares after transaction
1,687 shares
Common stock held directly after the reported conversion
Indirect trust-held shares
8,000 shares
Common stock held indirectly in a trust with spouse as sole trustee
Administrative DEU adjustment
13.2248 units
Adjustment to balance due to administrative error included in column 9
Grant date for DSUs
May 4, 2023
Original grant date for the Deferred Stock Units subject to this release
Key Terms
Deferred Stock Units, Dividend Equivalent Units, Nonqualified Deferred Compensation Plan, 1-for-1 basis
4 terms
Deferred Stock Units financial
"Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Dividend Equivalent Units financial
"Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Nonqualified Deferred Compensation Plan financial
"deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan"
A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.
1-for-1 basis financial
"DSUs and DEUs convert into Prologis common stock upon release on a 1-for-1 basis"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Prologis (PLD) director George L. Fotiades report on this Form 4?
He reported the conversion of Deferred Stock Units and Dividend Equivalent Units into common stock on September 17, 2026 under Prologis’ Nonqualified Deferred Compensation Plan, resulting in newly issued directly held common shares.
How many Prologis (PLD) DSUs does George L. Fotiades hold after the transaction?
After the conversion, he held 46,303.0116 Deferred Stock Units directly, reflecting his remaining balance under the Prologis Nonqualified Deferred Compensation Plan after the September 17, 2026 release.
Was a Rule 10b5-1 trading plan involved in this Prologis (PLD) Form 4 transaction?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not state that the September 17, 2026 conversion occurred under a Rule 10b5-1 or similar pre-arranged trading plan.
What were the original grant terms for the Prologis (PLD) Deferred Stock Units converted here?
The DSUs granted on May 4, 2023 were scheduled for release on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders following the grant date, with DSUs and DEUs converting 1-for-1 into Prologis common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
