Prologis (PLD) director granted dividend equivalent units on deferred stock
Rhea-AI Filing Summary
KENNARD LYDIA H reported acquisition or exercise transactions in this Form 4 filing.
Prologis, Inc. director Lydia H. Kennard received a grant of dividend equivalent units tied to deferred stock compensation. On the transaction date, she was credited with 52.7265 Dividend Equivalent Units (DEUs) on Deferred Stock Units (DSUs) under the Prologis Nonqualified Deferred Compensation Plan.
These DEUs accrue at the Prologis common stock dividend rate when dividends are paid and vest 100% on the earlier of the first anniversary of the grant date or the first annual stockholders meeting after the grant date, with receipt deferred along with the related DSUs. After this grant, her combined DSU and DEU balance was 6,566.1670 units, which will be paid in Prologis common stock at one share per DSU or DEU.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KENNARD LYDIA H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Units - NQDC | 52.7265 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Units - NQDC — 6,566.167 shares (Direct)
Footnotes (1)
- F1. Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is deferred along with the underlying DSUs. DSUs and DEUs are paid in the form of Prologis common stock at the rate of one common share per DSU or DEU. Balance in column 9 includes DSUs and DEUs.
Key Figures
Dividend Equivalent Units granted: 52.7265 units
Total DSUs and DEUs after transaction: 6,566.1670 units
Vesting condition: 100% on earlier of 1-year anniversary or next annual meeting
3 metrics
Dividend Equivalent Units granted
52.7265 units
Grant/award acquisition on 2026-03-31
Total DSUs and DEUs after transaction
6,566.1670 units
Balance following the Form 4 transaction
Vesting condition
100% on earlier of 1-year anniversary or next annual meeting
Applies to DSUs and associated DEUs for directors
Key Terms
Dividend Equivalent Units, Deferred Stock Units, Nonqualified Deferred Compensation Plan, vest 100%
4 terms
Dividend Equivalent Units financial
"Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs)"
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.
Deferred Stock Units financial
"earned on Deferred Stock Units (DSUs) associated with current service on our board"
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.
Nonqualified Deferred Compensation Plan financial
"deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC 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.
vest 100% financial
"DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Prologis (PLD) report for director Lydia H. Kennard?
Prologis reported that director Lydia H. Kennard received 52.7265 Dividend Equivalent Units as a compensation-related award. These units are tied to existing Deferred Stock Units and represent accruals at the Prologis common stock dividend rate under the company’s nonqualified deferred compensation plan.
Is the Prologis (PLD) Form 4 transaction an open-market buy or sell?
The Form 4 transaction is not an open-market buy or sell. It reflects a grant of 52.7265 Dividend Equivalent Units credited as compensation, with a transaction price of 0.0000 per unit, rather than a cash purchase or sale on the stock market.
How do Dividend Equivalent Units work for Prologis (PLD) directors under the NQDC Plan?
Dividend Equivalent Units accrue on outstanding Deferred Stock Units at the Prologis common stock dividend rate when dividends are paid. For directors, these DEUs and the underlying DSUs vest 100% on the earlier of the first grant anniversary or the next annual stockholders meeting, with payment deferred into Prologis shares.
When do the Deferred Stock Units and Dividend Equivalent Units for Prologis (PLD) directors vest?
Deferred Stock Units and related Dividend Equivalent Units vest 100% on the earlier of the first anniversary of the grant date or the first annual stockholders meeting after the grant date. This schedule generally results in vesting around May each year, according to the plan disclosure.